New York, USA-based platform provider allowing MSPs to deliver AI to their customers, Hatz Ai raised USD 2.5 million in funding. The company announced the fundraiser on January 6, 2023. Vestigo Ventures led the financing for the company. Meanwhile, Alex Weiss from ClearSky, Matt Higgins from Shark Tank and RSE Ventures, Jim Brown from Long Ridge, Jon McNeill, founder of DVx Ventures and former president of Tesla and former COO of Lyft, Iqram Magdon-Ismail, musician and Co-founder of Venmo, and Aidan Kehoe, Nadia Partners also joined in the funding.
Purpose of financing for Hatz AI
Hatz AI has plans to launch its first generally available products in March of 2024. The first release includes both an AI Application Builder and Organizationally Managed AI Assistants. Later in 2024 the company also seeks to make AI Phone Customer Service Agents generally available, as well as the ability to train and manage vector databases and custom LLMs inside the multi-tenant platform.
What the company’s official has to add
Jimmy Hatzell, CEO of Hatz AI, said, “MSPs will play a key role in the global transition to AI. I think every MSP will soon manage and own their own LLMs, and provide similar services for their customers. We are building a system of record for MSPs to manage that transition and a system of engagement to operationalize the technology.”
Tim Guim, CEO of PCH Technologies and Hatz AI MSP Launch Partner, said, “The platform allows PCH Technologies to provide AI-as-a-Service in an easy-to-use format that is secure and customizable that will create a competitive advantage to our clients by accelerating the adoption of AI in each individual business.”
What the investors have to comment
Frazer Anderson, Principal at Vestigo Ventures, said, “MSPs are entrepreneurial, customer-obsessed, and essential to the adoption of innovative technologies by the information economy. These are the kind of folks we love working with at Vestigo and we are thrilled to partner with Jimmy and Aidan to build the first MSP-native customer AI platform. These entrepreneurs were made for this business and we are proud to support them on what we’re sure will be a joyous journey.”
About Hatz AI
Jimmy Hatzell and Aiden Kehoe launched the company. Hatz AI enables MSPs to build an AI-as-a-Service business with AI applications, AI agents, vector storage, and custom LLMs powered by an LLM Ops engine and managed through a multi-tenant platform.
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