$20M Raised to Help Enterprises Govern and Scale Their AI Initiatives

Oct 17, 2024

Ask episode

Chapters

Transcript

Episode notes

Welcome to another exciting episode of The SaaS CFO Podcast! Today, we have the pleasure of hosting Pete Foley, the dynamic CEO and co-founder of ModelOp. With a rich background as a serial entrepreneur, Pete has successfully launched and sold several companies in the enterprise software space, including notable names like Infoblox and a thriving security company out of Israel.

Now, Pete's latest venture, ModelOp, is pioneering in the rapidly growing field of AI governance, helping enterprises seamlessly and safely integrate AI models into their operations. ModelOp offers an enterprise software designed to ensure compliance with internal and external regulations while maintaining the efficacy of AI models. This innovative approach positions ModelOp at the forefront of the AI market, which continues to expand at an unprecedented pace.

In this episode, Pete shares invaluable insights into his journey, market dynamics, and the strategic vision driving ModelOp forward. Whether you’re interested in AI, SaaS, or entrepreneurial growth, this is an episode you won't want to miss! Tune in for an in-depth conversation packed with industry expertise and forward-looking perspectives.

Show Notes:

00:00 Exited tech startups, ventured into emerging AI market.

03:43 Enterprise software for AI governance and orchestration.

07:49 AI interest spans all industries, emphasizing global opportunities.

09:58 Emerging Chief AI Officer role within organizations.

14:00 AI attracts significant attention and market tailwind.

19:09 Competitive advantage and strong multi-year contracts secured.

22:16 Understanding market maturity prevents over-investment mistakes.

23:44 ARR reflects growth and competitive advantage focus.

Links:

SaaS Fundraising Stories: https://www.thesaasnews.com/news/modelop-raises-10-million-in-series-b

Pete Foley’s LinkedIn: https://www.linkedin.com/in/petefoley2/