Baird Capital has led a $10 million Series B funding round in ModelOp, a Chicago-based company specializing in AI governance software. ModelOp’s platform, awarded the 2024 AI Breakthrough Award for Best AI Governance Platform, is used by Fortune 500 companies like Fidelity Investments, FINRA, and Bristol Myers Squibb to manage AI risk, performance, health, and value. The investment will enable ModelOp to expand its team, accelerate market efforts, and continue product innovation. CEO Pete Foley highlights Baird Capital’s expertise in B2B technology as a significant advantage, while Baird Capital’s Partner, Jim Pavlik, cites ModelOp’s capabilities, leadership, and customer base as key factors in the decision to invest.
AI Governance, Venture Capital, Enterprise Software,United States
https://www.bairdcapital.com/news/2024/08/baird-capital-invests-in-modelop/