CoreWeave said it will acquire Monolith AI Limited, which specializes in AI for engineering in industrial and manufacturing companies.
Terms of the deal weren't disclosed, but the purchase is notable because CoreWeave is looking to take its broader AI infrastructure workloads vertical where the customer base is stickier.
Indeed, Monolith has a strong customer base including BMW, Mercedes-Benz, Honda, Nissan and Siemens to name a few. Monolith's platform is used for simulation and testing for physics and engineering solutions. CoreWeave has been rounding out its business with acquisitions including OpenPipe and Weights & Biases.
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With CoreWeave, Monolith will get access to an AI stack for its customers. According to CoreWeave, the combined company will give customers the ability to speed up R&D, product development and design. CoreWeave Chief Strategy Officer Brian Venturo said AI can transform manufacturing.
"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, CEO of Monolith, in a statement.
Holger Mueller, an analyst at Constellation Research, said:
"This is CoreWeave's first entry into the AI applications space, and it may highlight a potential future concern on workloads. The higher in-house, organic workloads are for CoreWeave relative to volatile AI provider workloads, the more stable CoreWeave's utilization of data center capacity."
Monolith's platform embeds AI and machine learning directly into engineering workloads and reduces the need for physical testing. Here are a few screenshots of Monolith’s platform.
