ModelOp, a Chicago, IL-based provider of ModelOps software and services for major enterprises, closed a $6m Series A round of funding.
The round was led by Valley Capital Partners, with participation from Silicon Valley Data Capital. In conjunction with the funding, Steve O’Hara, Managing Partner at Valley Capital Partners, joined ModelOp’s board.
This company intends to use the funds to support demand, as well as additions to engineering, services, sales, operations and customer success.
Led by Pete Foley, CEO, ModelOp provides a software platform – ModelOp Center – which enables organizations to put their models into production faster, with full control and visibility into critical model-based business assets, and with full transparency and auditability.
The company has also announced general availability for ModelOp Center Version 2, its flagship software platform that automates model deployment, monitoring and governance and expanded its executive team with three new appointments:
- Sheau-ming Ross, as chief financial officer;
- Mark LeMonnier, as vice president of software engineering; and
- Linda Maggi, as vice president of marketing.
Customers include five of the top 10 largest financial institutions, as well as Fortune 500 manufacturers, insurers, and credit bureaus.
FinSMEs
31/03/2020