# Eta Compute

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/eta-compute

- Industry: Semiconductors
- Headquarters: Westlake Village, US
- Website: www.etacompute.com
- Total disclosed funding: $11M
- Latest round: Series B (Sep 3, 2019)
- Investors on record: 3

## About

Eta Compute, Inc. specializes in innovative solutions for machine learning applications and people monitoring, focusing on low-power edge computing technologies that enhance operational efficiency and safety across various sectors.Founded in 2015 and headquartered in Westlake Village, US, Eta Compute, Inc. develops cutting-edge technology for machine learning at the edge. The company has successfully raised USD 12.5 mn in Series C funding, led by Synaptics Incorporated, and has completed a total of 6 funding deals. Gopal Raghavan is the founder, and Evan Petridis serves as CEO.Eta Compute primarily offers two innovative products: the Aptos MLOps tool chain and the Talia People-Aware Sensor. The Aptos platform is a no-code MLOps solution designed for model development, deployment, and management tailored to machine learning applications at the low power edge. It enables developers to create efficient models that minimize size, reduce inference time, and conserve energy while maintaining accuracy, catering to embedded systems engineers and machine learning developers globally across sectors such as smart buildings, retail, and transportation. The Talia sensor is a battery-powered vision unit that counts and monitors individuals at entrances, providing analytics for human presence, safety, and space optimization in various settings, including offices, transport systems, and educational facilities, showcasing the company's focus on enhancing operational efficiency and safety.Eta Compute's revenue model relies on direct sales of the Aptos MLOps tool chain and the Talia People-Aware Sensor, primarily through subscription plans and partnerships. Clients implement the Aptos platform for edge ML applications, generating recurring revenue from ongoing service subscriptions that include updates and support. The Talia sensor is marketed as a standalone product, facilitating integration into existing systems. This revenue structure is supported by partnerships with analytics software providers, emphasizing low infrastructure costs and ease of installation, which appeals to a diverse range of users seeking effective machine learning and people monitoring solutions.In December 2020, Eta Compute, Inc. raised USD 12.5 mn in Series C funding led by Synaptics Incorporated, aiming to utilize these funds for expanding product offerings and entering new markets. The company plans to introduce new products focused on enhancing machine learning applications and explore expansion into regions such as Europe and Asia by 2022. The recent funding will support these initiatives, facilitating the development of innovative solutions and enhancing their market presence.

## Funding rounds

- Series B, Sep 3, 2019, $1M — Celesta Capital
- Seed, Apr 11, 2018, $0.2M — Celesta Capital
- Series A, Jan 22, 2018, $8M — Walden Catalyst, Acorn Pacific Ventures, Celesta Capital
- Series A, Dec 8, 2017, $2M — Celesta Capital

## Investors

- Celesta Capital (https://capitalatlas.ai/funds/celesta-capital) — Series A, Seed, Series B
- Walden Catalyst (https://capitalatlas.ai/funds/walden-catalyst) — Series A
- Acorn Pacific Ventures (https://capitalatlas.ai/funds/acorn-pacific-ventures) — Series A