# Pete Foley

> Pete Foley is a serial enterprise-software entrepreneur and the co-founder of ModelOp, the Chicago-based company that built one of the first platforms for governing AI models the way banks govern money. Over a 35-year career he has run and exited a string of infrastructure companies - Infoblox, PortAuthority (to Websense), RingCube (to Citrix), Graphite Systems (to EMC) - before betting that the hardest problem in artificial intelligence would not be building models but trusting them. He served as ModelOp's CEO from its founding and now supports the company from its board of directors.

- **Role:** Co-Founder and Board Member at ModelOp
- **Organizations:** ModelOp, Graphite Systems, RingCube Technologies, PortAuthority Technologies, Infoblox
- **From:** Pittsburgh, Pennsylvania, United States
- **Nationality:** American
- **Education:** BA, Economics and Political Science, Yale University
- **Known for:** Co-founded ModelOp, a leading enterprise AI governance software platform., Led four enterprise-software companies to acquisition: PortAuthority (Websense), RingCube (Citrix), Graphite Systems (EMC), and executive roles at Infoblox., Raised $10M in 2024 led by Baird Capital, with $16M total funding for ModelOp.

## Career timeline

- **1984** — Graduated from Yale University with a BA in Economics and Political Science; played on the basketball team.
- **1987** — Founded his first technology company, beginning a career as a serial entrepreneur.
- **2002** — Became CEO of Infoblox, serving through 2005.
- **2005** — Became CEO of PortAuthority Technologies, a data-leak protection company.
- **2007** — PortAuthority Technologies acquired by Websense.
- **2011** — RingCube Technologies, where Foley was CEO, acquired by Citrix.
- **2012** — Became Executive Chairman of Graphite Systems, a flash-based big data appliance company.
- **2015** — Graphite Systems acquired by EMC.
- **2016** — Co-founded ModelOp and served as Co-Founder and CEO.
- **2024** — ModelOp raised $10 million led by Baird Capital to scale its AI governance software.
- **2025** — Stepped back from day-to-day operations; continues to support ModelOp as a board member, with Dave Trier becoming CEO.

## Achievements

- Co-founded ModelOp, a leading enterprise AI governance software platform.
- Led four enterprise-software companies to acquisition: PortAuthority (Websense), RingCube (Citrix), Graphite Systems (EMC), and executive roles at Infoblox.
- Raised $10M in 2024 led by Baird Capital, with $16M total funding for ModelOp.
- Over 25 years of executive and entrepreneurial experience in enterprise software.

## Latest updates

- **2024-08** — ModelOp announced a $10 million raise led by Baird Capital to accelerate growth of its AI governance software.
- **2025-01** — Foley stepped back from day-to-day operations at ModelOp, moving to a board role; Dave Trier became CEO.

## Links

- Website: https://modelop.com
- LinkedIn: https://www.linkedin.com/in/petefoley2/
- Facebook: https://facebook.com/modelop-101325441339339

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Profile page: https://yespress.io/pete-foley
Published by YesPress — https://yespress.io
Last updated: 2026-06-08