CoreWeave to Acquire Monolith, Expanding AI Cloud Platform into Industrial Innovation
Acquisition Strengthens CoreWeave's Position in Manufacturing, Automotive, Aerospace, and Other Industrial Sectors
CoreWeave, Inc. (NASDAQ:CRWV), the AI Hyperscaler™, today announced an agreement to acquire Monolith AI Limited, a pioneer in applying artificial intelligence and machine learning to solve complex physics and engineering challenges. Combining Monolith's simulation and test-driven machine learning capabilities with CoreWeave's purpose-built AI cloud enables the combined companies to offer a full-stack platform for industrial and manufacturing enterprises. The aim is to enable users to shorten R&D cycles, accelerate product development and design, and unlock new levels of competitive advantage through AI-driven innovation.
"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," said Brian Venturo, Co-founder and Chief Strategy Officer at CoreWeave. "Together we will help these enterprises better harness AI to accelerate breakthroughs and bring better products to market faster."
"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," said Dr. Richard Ahlfeld, Founder and CEO of Monolith. "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."
According to McKinsey, AI adoption in complex manufacturing could increase R&D efficiency by 20 to 80 percent, underscoring the enormous opportunity for AI to unlock productivity gains*1. Monolith's platform is already used by many of the world's leading engineering companies including Nissan, BMW, and Honeywell to cut months out of the product development cycle and accelerate innovation.
Monolith is recognized for its expertise in applying AI and machine learning to some of the most intractable physics and engineering problems. Its tools include anomaly detection, test plan optimization, and next test recommendation, which help engineers make faster, more reliable decisions without requiring in-house AI or coding expertise. By embedding machine learning directly into engineering workflows, Monolith reduces physical testing that has historically slowed progress, while improving quality, and accelerating innovation.
The acquisition of Monolith, along with OpenPipe for reinforcement learning, and Weights & Biases for model iteration and experiment tracking, reflects CoreWeave's commitment to being the essential AI cloud used by builders to develop and deploy AI across every industry.
In the automotive sector, CoreWeave serves as the Official AI Cloud Computing Partner of the Aston Martin Aramco Formula One® Team, supporting the development of the team's first large-scale cloud computing facility.
Terms of the transaction were not disclosed. The closing of the acquisition is subject to customary closing conditions.
Advisors
Davis Polk & Wardwell LLP is acting as legal counsel to CoreWeave. Rothschild & Co is acting as financial advisor, and Willkie Farr & Gallagher LLP is acting as legal counsel to Monolith.
About CoreWeave
CoreWeave, the AI Hyperscaler™, delivers a cloud platform of cutting-edge software powering the next wave of AI. The company's technology provides enterprises and leading AI labs with cloud solutions for accelerated computing. Since 2017, CoreWeave has operated a growing footprint of data centers across the US and Europe. CoreWeave was ranked as one of the TIME100 most influential companies and featured on Forbes Cloud 100 ranking in 2024. Learn more at www.coreweave.com.
About Monolith
Monolith's broader mission is to put powerful AI tools in the hands of engineers – not just data scientists. Its platform already helps engineering teams model complex, intractable physics from test data. Monolith has raised funding from one of the world's largest software investors and was named a Gartner Cool Vendor for AI in Automotive. The company has also earned a spot on Forbes and in the UK's top 100 startups list. CEO and Founder Dr. Richard Ahlfeld holds a PhD in Aerospace Engineering from Imperial College and was named to MIT Tech Review's Top 10 Innovators Under 35. www.monolithai.com
Forward Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the acquisition of Monolith AI Limited by CoreWeave, the goals, benefits and synergies resulting from the acquisition, R&D efficiency gains, and other future events. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors including, but not limited to: CoreWeave's ability to integrate Monolith's operations into its business; CoreWeave's ability to develop and release platform, solutions and service enhancements and new solutions and services to respond to rapid technological change in a timely and cost-effective manner; intense and increasing competition in CoreWeave's market; and other general market, political, economic, and business conditions. All forward-looking statements contained herein are based on information available as of the date hereof and neither CoreWeave nor Monolith assumes any obligation to update these statements as a result of new information or future events.
"For industries that produce complex manufactured products, R&D processes could be accelerated by 20 to 80 percent, depending on the industry (Exhibit 4)"
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