ModelOp provides AI governance software for enterprises and is led by CEO Pete Foley. Its platform safeguards enterprise AI initiatives, including generative AI, large language models, in-house, third-party, and embedded systems, without stifling innovation. Through automation and integrations, ModelOp helps enterprises quickly address critical governance and scale challenges. The company aims to protect and improve the transformational value of enterprise AI, resulting in effective and responsible AI systems. ModelOp plans to use the new funding to accelerate product innovation and build enterprise expertise. The company is based in Chicago, Illinois. ModelOp provides ModelOp Center, a software platform that automates model deployment, monitoring and governance and enables organizations to put models into production faster with control, visibility and auditability. The company announced general availability of ModelOp Center Version 2. Customers include five of the top 10 largest financial institutions as well as Fortune 500 manufacturers, insurers and credit bureaus. Led by CEO Pete Foley, ModelOp recently expanded its executive team with hires including a CFO and VPs of software engineering and marketing. The company closed a $6M Series A to support demand and to add engineering, services, sales, operations and customer success headcount. The business serves major enterprises and is focused on scaling its platform and go-to-market.

Total raised

$16M

Funding rounds

2

Latest round

Series B

Latest activity

Aug 2024