There is a particular kind of company that spends a decade building one hard thing, looks up, and realizes the truly hard thing was next door the whole time. ModelCat - which until August 2025 was a low-power chip company called Eta Compute - is that kind of company. It set out to make the world's most frugal AI silicon. It ended up making the software that decides what runs on everyone else's.
The pitch is deceptively simple. Feed ModelCat your data, tell it which chip you plan to ship on, and its platform returns a machine-learning model tuned to that exact hardware - built, trained, optimized and validated - in something like zero to three days. The comparison it likes to draw is against the status quo, where getting a vision or audio model to run acceptably on a microcontroller can eat 12 to 24 months of specialist labor. That is not a rounding error. That is the difference between a product existing and not.
The word ModelCat uses for the machinery underneath is "AI-in-the-Loop." Stripped of branding, it means an AI agent orchestrates the whole workflow that a team of humans would otherwise slog through - a data scientist here, an embedded engineer there, someone who knows the dark art of quantization somewhere else. The agent picks the architecture, runs the training, squeezes the model down to fit, and checks that the result actually works. In one step, more or less, rather than a relay race of handoffs.
Here is the detail that separates the marketing from the engineering, and it is the detail worth dwelling on: ModelCat runs a hardware farm. Actual chips, wired up and powered on, so the platform can measure real latency, real memory use, and real power draw instead of estimating them from a datasheet. This matters more than it sounds. Edge AI is a game of tight constraints - kilobytes of memory, milliwatts of budget - and the gap between what a model should do on paper and what it does on a warm piece of silicon is exactly where projects go to die. Closing that loop with reality, not simulation, is the whole trick.
The company frames all of this against a market it sizes at $1.8 trillion, which is the sort of number that should be read with one eyebrow raised. But the underlying observation is sound, and its CEO puts it plainly: hardware capabilities are outpacing the software tools required to use them. Chips keep getting more capable. The tooling to actually deploy models onto them has not kept up. ModelCat is a bet that the tooling gap is where the value has migrated.
None of this appeared from nowhere. Eta Compute was founded in 2015 by Gopal Raghavan, Tim Semones and Paul Washkewicz, and spent its first act on silicon - most notably TENSAI, marketed as one of the lowest-energy AI microcontrollers around, aimed at devices that harvest their own power. It raised a $12.5 million Series C in December 2020, led by Synaptics. Somewhere along the way it built Aptos, a no-code cloud tool for edge machine learning, and in doing so seems to have discovered what it actually wanted to be.
The rebrand, then, reads less like a marketing exercise and more like a confession. The name is not subtle about its logic. Cats, the company says, are playful, quick-reacting, agile, and always land on their feet - which maps neatly onto a product that claims to pounce on a model build and deliver it with a near-zero error rate. Whether or not you buy the metaphor, it tells you what the thing is supposed to do.
"We started with the hardest challenge, AI at the edge, and built technology that can deliver the right model every time. Now we're taking that capability to the entire AI industry."
Evan Petridis, CEO, ModelCatThe people running the current version of the company have the résumés you would expect. Evan Petridis, the CEO, is a serial entrepreneur who sold Atmosphere Networks to Ditech and was chief system architect at Enlighted before Siemens bought it - a company built on data from millions of sensors, which is to say he has been living in the sensor-and-model world for a long time. He did hardware at Cisco before that. The CTO, Jeremi Wojcicki, holds a PhD and runs the data-science and software effort on the model-building approach itself. Jon Gettinger, the CRO, handles go-to-market, having previously scaled Pipe17.
The proof, so far, is in who is willing to put their name on it. In September 2025 ModelCat launched eIQ Model Creator - a tool for NXP Semiconductors, powered by ModelCat, that lets NXP's customers spin up custom models for its i.MX processors and microcontrollers. In January 2026 it did a similar thing with Alif Semiconductor, wiring itself into Alif's Ensemble microcontrollers so developers can go from raw data to a deployed model in under 30 days. Notably, ModelCat says it integrated Alif's chip architecture in under 30 days itself, using AI-driven chip profiling - eating a bit of its own dog food, or cat food, in public.
When two chipmakers decide to hand their customers a third party's model tooling rather than build it themselves, it says something about where the hard problems now live. Silicon vendors are very good at silicon. The messy, iterative, hardware-specific business of producing a good model for that silicon is a different muscle, and ModelCat's wager is that it is easier to partner for it than to grow it in-house.
What can you actually do with it? If you are building an ML-enabled product - a smart camera, a wearable, an industrial sensor, anything in the vast and unglamorous world of the internet of things - ModelCat is meant to take the single most painful and unpredictable part of that project and turn it into something closer to a service call. You bring the data and the target chip. It brings the model. The promised payoff is not just speed but cost, and the ability to ship at all.
The healthy skepticism to hold onto: this is a roughly 13-person company making large claims against enormous incumbents and a field crowded with names like Edge Impulse, Deeplite and Nota AI. "Hundreds of times faster" and "near-zero error rate" are the kind of phrases that demand a field test. But the shape of the bet is legible and, in its way, unusually honest. The company that spent ten years learning how impossibly hard it is to fit intelligence into a tiny, power-starved device turned around and automated the hardest part of doing it. That is a reasonable thing to have learned from a decade of making chips.
Figure 1 / The pitch, in one chart
Months vs. Days
Development time for an optimized edge-ML model - the traditional path against ModelCat's claim.
The Product
What ModelCat Builds
AI-in-the-Loop
A patented agentic builder that handles model architecture, training, optimization and validation in a single automated workflow - acting, the company says, like a full team of specialists.
The Hardware Farm
A bank of real target chips the platform calibrates against, so performance, memory and power are measured on physical silicon rather than estimated from a spec sheet.
eIQ Model Creator
A tool built for NXP customers, optimized for i.MX processors and MCUs, cutting model development from 12-24 months to a few days.
TENSAI & Aptos
The Eta Compute era: an ultra-low-power AI microcontroller and a no-code cloud platform for edge ML - the groundwork the current product grew out of.
The Record
From Silicon to Software
Eta Compute founded
Gopal Raghavan, Tim Semones and Paul Washkewicz start a low-power processor company in California.
Lowest-power MCU IP debuts
Microcontroller IP aimed at the energy-harvesting segment.
TENSAI and Aptos
A low-power AI chip and a no-code cloud platform for edge machine learning.
Series C led by Synaptics
Closes a $12.5M round in December with participation from existing investors.
Rebrand to ModelCat
August: a new name, mission and the agentic AI-in-the-Loop model builder.
NXP eIQ Model Creator
Model-building tool launched for NXP's i.MX processors and MCUs.
Alif Semiconductor partnership
ML model onboarding onto Ensemble MCUs in under 30 days.
Who's Betting On It
The Chipmaker Deals
NXP Semiconductors
eIQ Model Creator, powered by ModelCat, delivers custom, ready-to-run ML models to NXP customers for i.MX processors and microcontrollers - reducing development cycles from 12-24 months to a few days.
Alif Semiconductor
A turnkey path from raw data to deployment on Alif's Ensemble MCUs in under 30 days. "Finally, we have a solution that just works," said Alif's VP of Marketing, Mark Rootz.
On The Record
In Their Words
"Our goal was to give Alif a turnkey solution they could hand to their customers immediately."
Evan Petridis, CEO"Finally, we have a solution that just works. We can now offer our customers a seamless, automated path from concept to deployment."
Mark Rootz, VP Marketing, Alif Semiconductor"Cats are playful, quick-reacting, agile, and always land on their feet."
ModelCat, on the rebrand"Hardware capabilities are outpacing the software tools required to use them."
Evan Petridis, CEOLoose Ends
Questions People Ask
What is ModelCat AI?
A B2B AI software company, formerly Eta Compute, whose agentic, hardware-aware platform automatically builds, trains, optimizes and validates machine-learning models for embedded, edge and IoT devices - delivering production-ready models in days instead of months.
Was it previously called something else?
Yes. It was founded in 2015 as Eta Compute, a low-power AI chip company, and rebranded to ModelCat in August 2025.
How does it build models so fast?
Its AI-in-the-Loop system automates the full workflow and calibrates results against real chips in a physical hardware farm - cutting cycles from 12-24 months to a few days.
Who are its partners?
It powers NXP's eIQ Model Creator for i.MX processors and MCUs, and partners with Alif Semiconductor to onboard ML models onto Ensemble microcontrollers in under 30 days.
Who leads the company?
Evan Petridis is CEO, Jeremi Wojcicki (PhD) is CTO, and Jon Gettinger is CRO. The original Eta Compute was co-founded by Gopal Raghavan, Tim Semones and Paul Washkewicz.