CoreWeave to Acquire London-Based AI Company Monolith
CoreWeave, a hyperscale AI enterprise, is acquiring Monolith, a spinout from Imperial College London that leverages artificial intelligence to tackle complex engineering challenges. The deal amount has not been disclosed.
This announcement marks part of CoreWeave's expansion into the UK’s AI sector, where the company collaborates with major vendors such as Nvidia and Microsoft to scale the country’s AI infrastructure.
Under the new agreement, CoreWeave will integrate its AI cloud technology with Monolith’s simulation and machine learning capabilities, aiming to build a comprehensive platform for users, with a particular focus on industrial and manufacturing applications.
Monolith’s platform includes features such as anomaly detection, test plan optimization, and next-test recommendation. Its current clientele includes Nissan, BMW, and Honeywell. Monolith claims that by embedding machine learning directly into engineering workflows, it has reduced product development cycles for companies by “several months.”
Both companies stated that by merging these technologies, they will empower users to “shorten R&D cycles, accelerate product development, and unlock AI-driven innovation.”
“We’ve spoken to leaders across industries who all recognize that AI can transform their businesses,” said Brian Venturo, Chief Strategy Officer at CoreWeave, in a statement. “What they lack are the right tools to harness this technology to solve challenging physical and engineering problems. Historically, these challenges have slowed industrial innovation, but Monolith has bridged that gap.”
The partners also emphasized their goal of lowering accessibility barriers for companies that want to adopt AI but lack the foundational knowledge.
According to McKinsey, adopting AI in advanced manufacturing can boost R&D efficiency by 20% to 80%. To fully realize this potential, making tools accessible and scalable will be critical.
“We will bring powerful tools and domain expertise to thousands of builders across industries who are eager to use AI but lack the infrastructure and know-how,” said Richard Ahlfeld, founder and CEO of Monolith, in a statement.
“We’ll help these companies leverage AI more effectively to accelerate breakthroughs and bring better products to market faster,” added Venturo.
This announcement comes amid a surge in data center demand as companies ramp up AI deployments. This trend is evident in CoreWeave’s own growth trajectory, which has recently seen a series of deals to support data center expansion.
In September, the company signed a $6.5 billion agreement with OpenAI to provide training infrastructure for its next-generation models. It also entered a $14.2 billion deal with Meta to deliver computing services over the next decade.
Earlier in March, CoreWeave reached a $11.9 billion agreement with OpenAI to supply AI data centers and technology over five years, along with a $6 billion deal to build a 100-megawatt data center in Pennsylvania, and a multi-billion-dollar deal to establish AI data center capabilities in the UK.