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AI Governance Leader ModelOp Experiences Significant Growth in 2024 with Customer Expansion and Multiple Prestigious Awards

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From completing its $10 million Series B equity financing to being awarded the 2024 AI Breakthrough Award for “Best AI Governance Platform” and achieving inclusion on Inc.’s Best in Business List, it was a year of continued momentum for the leading AI Governance software company for enterprises.

CHICAGO, Dec. 18, 2024 /PRNewswire/ — The leading AI Governance software for enterprises, ModelOp, announced today it experienced an exponential increase of platform usage in 2024 through new customer acquisition, generative AI adoption, and expanding need for its AI portfolio intelligence and governance capabilities. For the second consecutive year, the company achieved massive, continued growth in the financial services, healthcare, and CPG sectors with customers that include Fidelity Investments, FINRA, and Bristol Myers Squibb.

ModelOp’s excellence was well-recognized this year. It won the prestigious 2024 AI Breakthrough Award for “Best AI Governance Platform”, an award series that celebrates the world’s most innovative companies, technologies, and products in the artificial intelligence industry with more than 5,000 applicants globally this year. The firm also was named to Inc.’s 2024 Best in Business List in the AI & Data category, an award that celebrates the exceptional achievements and contributions of companies that have made a profound impact on their industries and on society at large. In addition, Polaris Market Research & Consulting named ModelOp a key player in the rapidly growing Model Operations market. MMC Ventures named ModelOp a “Who’s Who in Responsible AI” and a leader in AI Governance.

ModelOp also completed its $10 million Series B Equity financing led by Baird Capital. With the new capital, ModelOp is actively building upon its market-leading AI portfolio intelligence and governance capabilities that establish visibility into AI initiatives and value, and enforce policies consistently to help organizations stay compliant even as regulations evolve rapidly.

This investment follows the new release of ModelOp version 3.3, the third-generation of its software. It enables enterprises to manage AI as a portfolio and provide  “Minimum Viable Governance” (MVG), which allows companies to apply just enough governance to protect the business while accelerating AI innovation.

Version 3.3 also includes the world’s first AI Governance Score, a standardized metric that measures risk across diverse AI initiatives. ModelOp’s new AI Governance Score provides executives with real-time visibility into all AI initiatives — including generative AI, in-house, third-party, and embedded AI systems — and their risks across the entire enterprise, even as global regulations evolve. ModelOp helps Chief AI Officers (CAIOs), CDAOs, CIOs, CISOs, AI leaders, and Governance teams responsibly accelerate AI innovation and keep their organizations safe through a comprehensive AI Governance inventory, automated controls, and streamlined reporting capabilities.

“Unlike other solutions, only ModelOp’s software provides executives unprecedented visibility into the AI being used across their organizations,” said Pete Foley, CEO of ModelOp. “This enables enterprises to deliver transformational and responsible AI systems. ModelOp 3.3 allows executives to manage their AI use cases and models as a portfolio and track KPIs including revenue, costs, savings, cost avoidance, and ROI. Additionally, ModelOp enables AI and legal teams to stay on their front foot as regulations like the EU AI Act and US state and federal agency rules take effect. It was a remarkable year for ModelOp and our new capital is enabling us to accelerate our expansion. Looking forward to 2025, we are excited to introduce new capabilities, and continue our rapid growth as the leading AI Governance software.”

Also of note this year, ModelOp partnered with CDO Magazine to produce the 2024 Responsible AI Benchmark Report that revealed a growing gap between the rapid adoption of AI and the implementation of responsible AI Governance practices. The survey of nearly 150 executives across diverse industries provides insights on AI adoption, use cases in production, governance capabilities, and top risks. The free report clearly shows growing risks with enterprise AI strategy.

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. To learn more visit https://www.modelop.com or follow ModelOp on LinkedIn.

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SOURCE ModelOp

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Medmovie’s Hx Heart Video Library Powers Patient Education at Cardiovascular Practices Worldwide

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27 minutes ago

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June 22, 2026

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Physician-validated, privately branded HD video helps heart patients understand their care.

BERKELEY, Calif., June 22, 2026 /PRNewswire/ — Medmovie, Inc., a leader in cardiovascular medical visualization, today highlighted the global reach of its Hx Heart Video Library (HVL), a hosted patient-education solution licensed to clinics and hospital systems for more than a decade.

The HVL turns the cardiovascular conditions, diagnostic tests, procedures, and medications heart patients encounter into concise, accurate HD videos — helping clinicians spend less time explaining and more time connecting with their patients.

The HVL is a curated collection of clinician-reviewed cardiovascular videos. Practices and hospitals can license, brand, and embed it directly on their websites.

Users to-date span multiple continents, including hospitals in Australia and Germany, a national trade association, and cardiology practices in the United States and around the world.

Every video is reviewed and validated by Medmovie’s MD editorial board. The Hx Heart library is brought to you by the same creative developers of the CardioSmart Heart Explorer App, which was created and produced by Medmovie and distributed by the American College of Cardiology (ACC) through 2024.

Cardiovascular specialists who rely on Medmovie’s visual content have seen its impact firsthand.

“Over the past year, my clinic’s website, www.sukruakyuz.com, has attracted more than 100,000 unique visitors per month, and my YouTube videos have generated nearly 7 million views,” said Dr. Sukru Akyuz, interventional cardiologist in Turkey. “This level of reach and engagement would not have been possible without Medmovie’s exceptional medical animations and support. Thanks to their contributions, I have achieved my goal of becoming one of Turkey’s most recognized interventional cardiologists.”

From the point of care to a clinic’s online presence, Medmovie’s trusted visual content helps patients see and understand their own care. The Hx Heart Video Library is available now to cardiovascular practices, hospitals, and health systems worldwide.

See the library in action at medmovie.com/cvl — the same branded player can be customized with a practice’s or hospital’s logo and embedded on its website in a matter of days. Watch a sample, the CAD video on the hidden risks of coronary artery disease, at https://youtube.com/shorts/0Tt-k8XkrTk

Healthcare organizations and practices interested in licensing the Hx Heart Video Library can contact Medmovie at medmovie.com/contact.

About Medmovie, Inc.

Medmovie translates complex medical and life science information into accurate, easy-to-understand, strategically focused visual media. Our clients leverage our experience, validated animations, and interactive media to create cost-effective, innovative tools to help tell their stories. We are a team of trained Medical Illustrators and Animators who love our work and are passionate about our simple goal: we want our clients’ stories to be fully understood.

Media Contact

Sarrah Hussain
Director of Communications
Medmovie, Inc.
sarrah@medmovie.com

© 2026 Medmovie, Inc. All rights reserved. Medmovie is a registered trademark of Medmovie, Inc. All other trademarks are the property of their respective owners.

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SOURCE Medmovie, Inc.

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Kevin Wheeler to Retire as Executive Chairman; President and CEO Stephen Shafer Named Chairman

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27 minutes ago

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June 22, 2026

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MILWAUKEE, June 22, 2026 /PRNewswire/ — A. O. Smith Corporation (NYSE: AOS), a global leader in water technology, announced today that Executive Chairman Kevin Wheeler will retire effective July 1. The company’s board of directors has elected Stephen Shafer, president and chief executive officer (CEO), as chairman upon Wheeler’s retirement. Wheeler will remain a member of the company’s board of directors.

“Kevin’s impact on A. O. Smith spans three decades,” said Chris Mapes, lead director of the board. “During his tenure, the company expanded its global footprint, strengthened its portfolio through multiple acquisitions and successfully navigated the challenges of the COVID-19 pandemic while maintaining strong operational performance.”

Wheeler joined A. O. Smith in 1994 as a regional sales manager for the former Water Products Company and held various senior leadership roles across the business before becoming president and CEO in 2018 and chairman in 2020.

Shafer, who has served as president and CEO since July 2025, becomes the 11th CEO to assume the role of chairman in the company’s history. He joined A. O. Smith in 2024 as president and chief operating officer. As chairman, Shafer will lead the board of directors and continue to oversee the company’s global operations, strategic direction, profitability and shareholder return.

“Steve has demonstrated strong, strategic leadership and a deep understanding of our business and growth opportunities,” said Mapes. “His combined role as chairman and CEO will further strengthen alignment across our strategy, operations and long-term value creation.”

Before joining A. O. Smith, Shafer held roles of increasing responsibility at 3M Company across multiple business units in the U.S. and China. Earlier in his career, he worked at McKinsey & Co. and Ford Motor Company. Shafer serves on the boards of the Air Conditioning, Heating, and Refrigeration Institute and the Metropolitan Milwaukee Association of Commerce, as well as the Executive Advisory Board for WorkBoard Inc.

“As chairman, I will continue leading this outstanding company and team with focus and discipline,” said Shafer. “We remain committed to driving innovation, serving our customers and advancing our purpose to find a better way. I would also like to thank Kevin for his leadership and continued support through this transition and look forward to benefiting from his continued guidance as a member of our board going forward.”

About A. O. Smith

A. O. Smith Corporation, headquartered in Milwaukee, Wisconsin, is a global leader applying innovative technology and energy-efficient solutions to products manufactured and marketed worldwide. Listed on the New York Stock Exchange (NYSE: AOS), the company is one of the world’s leading manufacturers of residential and commercial water heating equipment and boilers, as well as a manufacturer of water treatment and water management products. For more information, visit www.aosmith.com.

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SOURCE A. O. Smith Corporation

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Technology

S&P Global Declares Third Quarter Dividend

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1 hour ago

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June 22, 2026

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NEW YORK, June 22, 2026 /PRNewswire/ — The Board of Directors of S&P Global (NYSE: SPGI) has approved a cash dividend on the Company’s common stock for the third quarter of 2026. The dividend of $0.97 is payable on September 10, 2026, to shareholders of record on August 26, 2026. The annualized dividend rate is $3.88 per share.

The Company has paid a dividend each year since 1937 and is one of fewer than 30 companies in the S&P 500® that has increased its dividend annually for more than 50 years.

About S&P Global:

S&P Global (NYSE: SPGI) enables businesses, governments, and individuals with trusted data, expertise and technology to make decisions with conviction. We are Advancing Essential Intelligence through world-leading benchmarks, data, and insights that customers need in order to plan confidently, act decisively, and thrive economically in a rapidly changing global landscape. 

From helping our customers assess new investments across the capital and commodities markets to guiding them through the energy expansion, acceleration of artificial intelligence, and evolution of public and private markets, we enable the world’s leading organizations to unlock opportunities, solve challenges, and plan for tomorrow – today.

Contacts:

Investor Relations:
Mark Grant
Senior Vice President, Investor Relations and Treasurer
Tel:  + 1 347 640 1521

Media:
April Kabahar
Global Head of Corporate Communications
Tel:  +1 212 438 7530

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/sp-global-declares-third-quarter-dividend-302806889.html

SOURCE S&P Global

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