ModelOp, the leading AI Governance software for enterprises, raised $10 million in series B equity financing led by Baird Capital with participation from existing investors. ModelOp has pioneered AI Governance software and automation, working directly with Fortune 500 companies to address the needs of enterprise executives, governance teams, and business leaders.
Read also – [Funding News] Mudstack Raises $4 Million in Funding Round
The investment will further strengthen our position as the global leader and expand our team, accelerating go-to-market efforts and product innovation. This exciting milestone will fuel the continued growth of our leading AI Governance software. Baird Capital is an incredible partner and we’re proud to tap their deep expertise in B2B technology as we help enterprises get started with governance and scale their AI initiatives responsibly.
Read also – [Funding News] NC-based De Novo Foodlabs Secures New Funding
Fortune 500 companies and innovative enterprises — including Fidelity Investments, FINRA, and Bristol Myers Squibb — use ModelOp’s software as a single source of truth that provides real-time visibility into AI risk, performance, health, and value. Through automation, ModelOp ensures all AI initiatives are transparent, compliant, and aligned with organizational goals.
With the new capital, ModelOp will build upon our market-leading automation capabilities that establish visibility into AI initiatives and enforce policies consistently to help organizations stay compliant even as regulations evolve rapidly. Join us on September 25th at 12pm ET for the 2024 AI Governance Leadership Summit to learn more about how enterprises can ensure transparency, accountability, and compliance while driving innovation.
This investment follows the new release of ModelOp version 3.3, the third-generation of our software. It includes the world’s first AI Governance Score, which gives executives a standardized metric to measure risk and compliance across diverse AI initiatives, regardless of whether an organization is using generative AI, in-house, third-party vendor, or embedded AI systems. This groundbreaking software delivers AI accountability for executives lacking visibility into how AI is being used and its risks across the entire enterprise.
“We’re very excited to partner with the ModelOp team in their mission to accelerate AI innovation while ensuring appropriate enterprise risk management and regulatory compliance,” said Jim Pavlik, Partner with Baird Capital’s Venture Capital team. “We’ve been extremely impressed by ModelOp’s robust software capabilities, strong leadership and blue chip customer base, and look forward to supporting the company’s future growth.”
About ModelOp
ModelOp is the leading AI Governance software for enterprises and helps safeguard 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 scale challenges necessary to protect and fully unlock the transformational value of enterprise AI — resulting in effective and responsible AI systems.
