ModelOp, a Chicago, IL-based provider of AI governance software for enterprises, has raised $10 million Series B equity financing round.
Investors
The round was led by Baird Capital, with participation from existing investors.
Baird Capital manages two investment platforms, Venture Capital and Global Private Equity, and invests in B2B technology and services-focused companies worldwide. Founded in 1989, the firm specializes in sub-sectors where it has deep institutional knowledge and leverages global operating capabilities to support the operational and growth needs of its partner companies. Baird Capital is the direct private investment arm of Robert W. Baird & Co.
ModelOp Use of Funds
The company will use the funding to accelerate team expansion, enhance go-to-market strategies, and drive further product innovation.
About ModelOp
ModelOp provides AI governance software for enterprises, safeguarding all AI initiatives—including generative AI, Large Language Models (LLMs), in-house, third-party, and embedded systems—without stifling innovation. Through automation and integrations, ModelOp empowers enterprises to quickly address the critical governance and scalability challenges necessary to protect and fully unlock the transformational value of enterprise AI, resulting in effective and responsible AI systems.
Funding Details
Company: ModelOp, Inc.
Raised: $10.0M
Round: Series B
Funding Date: August 2024
Lead Investor: Baird Capital
Additional Investors: Existing investors
Company Website: https://www.modelop.com/
Software Category: AI Governance
Source: https://www.prweb.com/releases/modelop-raises-10-million-to-accelerate-the-growth-of-its-leading-ai-governance-software-302225471.html