Chicago AI-software firm ModelOp gets $10M from Baird

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Chicago AI-software firm ModelOp gets $10M from Baird

ModelOp, a Chicago-based AI software company, has secured $10 million in funding from Baird Capital. This investment aims to enhance the company's capabilities in ensuring that artificial intelligence systems operate within regulatory frameworks. The funding reflects a growing recognition of the need for compliance in AI technologies as they become more prevalent in various industries.

The investment positions ModelOp to capitalize on the increasing demand for AI governance solutions. As businesses adopt AI technologies, ensuring these systems adhere to established rules is crucial for maintaining trust and accountability. This funding will likely enable ModelOp to expand its offerings and support organizations in navigating the complexities of AI compliance.

• ModelOp secures $10 million to enhance AI compliance solutions.

• Investment reflects growing demand for AI governance in various industries.

Key AI Terms Mentioned in this Article

AI Compliance

This term is relevant as ModelOp focuses on ensuring AI technologies operate within regulatory frameworks.

Artificial Intelligence

The article discusses how AI technologies are increasingly being adopted across industries, necessitating compliance measures.

Companies Mentioned in this Article

ModelOp

The company aims to help organizations ensure their AI systems adhere to regulatory standards.

Baird Capital

The firm’s investment in ModelOp highlights its commitment to supporting innovative AI solutions.

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