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NEW YORK/LONDON - CoreWeave, Inc. (NASDAQ:CRWV) has agreed to acquire Monolith AI Limited, a London-based artificial intelligence software provider for engineering teams that was spun out of Imperial College London, according to a press release statement issued Wednesday.
The acquisition will expand CoreWeave’s AI cloud platform capabilities into industrial innovation by combining Monolith’s simulation and test-driven machine learning tools with CoreWeave’s AI infrastructure. The combined offering aims to help manufacturing enterprises accelerate product development cycles and improve engineering workflows.
Monolith’s technology enables engineers to apply AI to complex physics and engineering challenges without requiring specialized coding expertise. The company’s current client roster includes major manufacturers such as Nissan, BMW, and Honeywell.
"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," said Brian Venturo, Co-founder and Chief Strategy Officer at CoreWeave.
Dr. Richard Ahlfeld, Founder and CEO of Monolith, stated that joining CoreWeave will allow the company to "scale that mission dramatically" of putting AI directly into engineers’ hands.
IP Group plc (LSE:IPO), which holds a 12.3% stake in Monolith, noted this represents another successful exit from its deeptech portfolio, following previous sales of portfolio companies Featurespace and Garrison.
Financial terms of the transaction were not disclosed. The acquisition remains subject to customary closing conditions.
The deal follows CoreWeave’s recent acquisitions of OpenPipe for reinforcement learning and Weights & Biases for model iteration and experiment tracking, reflecting the company’s strategy to build a comprehensive AI cloud platform for various industries.
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