The acquisition strengthens CoreWeave's position in manufacturing, automotive, aerospace and other industrial sectors
Livingston, New Jersey – (Business Wire) – CoreWeave, Inc., an AI Hyperscaler™. (NASDAQ: CRWV) today announced an agreement to acquire Monolith AI Limited, a pioneer in artificial intelligence and machine learning to solve complex physics and engineering challenges. Combining monolith simulation and test-driven machine learning capabilities with CoreWeave's dedicated AI cloud allows conglomerates to provide a full-stack platform for industrial and manufacturing companies. The aim is to enable users to shorten the R&D cycle, 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 sector knows that AI can transform our business. What we need is the right tools to use technology to solve cumbersome physics and engineering problems. These challenges have historically slowed industrial innovation, and Monolith has closed that gap,” Monolith said. Brian Venturo, CoreWeave Co-Founder and Chief Strategy Officer. “Together, we will help these companies leverage AI better to accelerate breakthroughs and bring better products to the market faster.”
“Monolith was founded to put AI directly in engineers' hands, allowing them to create groundbreaking technology. By joining CoreWeave, we can dramatically expand that mission,” he said. Dr. Richard Earlfeld, Founder and CEO of Monolith. “We bring powerful tools and domain expertise to more builders across an industry that is passionate about using AI but lacks infrastructure and know-how.”
According to McKinsey, adoption of AI in complex manufacturing can increase R&D efficiency by 20-80%, highlighting the great opportunity for AI to unleash increased productivity*1. Monolith's platform is already being used by many of the world's leading engineering companies, including Nissan, BMW and Honeywell, reducing months from the product development cycle and accelerating innovation.
Monolith is recognized for its expertise in applying AI and machine learning to some of the most cumbersome physics and engineering problems. The tools include anomaly detection, test plan optimization, and recommendations for the following tests: This helps you make faster and more reliable decisions without requiring in-house AI or coding expertise. By embedding machine learning directly into engineering workflows, the monolith reduces physical testing that historically slows progress, improves quality and accelerates innovation.
The acquisition of the monolith reflects CoreWeave's commitment to being a critical AI cloud used by builders to develop and deploy AI in all industries, along with open pipes for reinforcement learning, weights and biases for model iteration and experimental tracking.
At Automotive Sector, CoreWeave serves as the official AI cloud computing partner for the Aston Martin Aramco F1® team, supporting the team's first large-scale cloud computing facility development.
The terms of the transaction have not been disclosed. Termination of the acquisition is subject to customary closure conditions.
Advisor
Davis Polk & Wardwell LLP serves as legal counsel for CoreWeave. Rothschild & Co is a financial advisor, and Willkie Farr & Gallagher LLP is a lawyer for Monolith.
About CoreWeave
CoreWeave, an AI Hyperscaler™, offers a cutting-edge software cloud platform that powers the next wave of AI. The company's technology provides businesses and leading AI labs with cloud solutions for accelerated computing. Since 2017, CoreWeave has operated a growth footprint for data centers across the US and Europe. CoreWeave was ranked as one of the most influential companies in Time100 and featured in the Forbes Cloud 100 rankings in 2024. For more information, please visit www.coreweave.com.
About Monolith
Monolith's broader mission is to put powerful AI tools in the hands of not only data scientists but also engineers. The platform already helps engineering teams model complex and unruly physics from test data. Monolith raised funds from one of the world's largest software investors and was named the Gartner Cool vendor for AI. The company has also won spots on Forbes and the UK's Top 100 Startup list. CEO and founder Dr. Richard Earlfeld received his PhD in Aerospace Engineering from Imperial College and was named the top 10 innovator for MIT Tech Review, under 35 years of age. www.monolithai.com
A positive statement
This press release contains forward-looking statements that include risks and uncertainties, including statements regarding the acquisition of Monolith AI as limited by CoreWeave, as well as statements regarding the acquisition of Monolith AI due to acquisition, improvements in R&D efficiency, and other future events. These forward-looking statements are forecasts only and may differ materially from actual results due to a variety of factors, including: CoreWeave's ability to enhance platforms, solutions and services, and develop and release new solutions and services, responds to rapid technological changes in a timely, cost-effective way. CoreWeave's fierce competition in the market. Other general markets, political, economic and business conditions. All forward-looking statements contained herein are based on information available as of the date of this document, and neither CoreWeave nor Monolith shall have an obligation to update these statements as a result of new information or future events.
*1 https://www.mckinsey.com/capabilities/quantumblack/our-insights/the-next-innovation-revolution-powered-by-ai
“For industries that produce complex manufactured products, the R&D process can accelerate by 20-80% depending on the industry (Figure 4)”
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