The acquisition will enable the two companies to provide a full-stack platform for industrial and manufacturing enterprises
CoreWeave, an AI Hyperscaler, has acquired Monolith AI Limited, specialists in using AI and machine learning to solve physics and engineering challenges
The combination of Monolith's machine learning capabilities with CoreWeave's AI cloud enables the two companies to provide a full-stack platform for industrial and manufacturing enterprises, aiming to allow users to shorten R&D cycles and enhance product development and design.
Brian Venturo, co-founder and chief strategy officer at CoreWeave, said, “Every leader we meet across the industrial and manufacturing sectors knows AI can transform their business. What they need are the right tools to use the technology to solve intractable physics and engineering problems. Those challenges have historically slowed industrial innovation, and Monolith has closed that gap. Together, we will help these enterprises better harness AI to accelerate breakthroughs and bring better products to market faster.”
Dr Richard Ahlfeld, founder and CEO of Monolith, said, “Monolith was founded to put AI directly into the hands of engineers, enabling them to create breakthrough technologies. Joining CoreWeave will allow us to scale that mission dramatically. Together we will bring powerful tools and domain expertise to thousands more builders across industries who are eager to use AI but lack the infrastructure and know-how.”
Terms of the transaction were not disclosed. The closing of the acquisition is subject to customary closing conditions.
