RCS - IP Group PLC - Portfolio co Monolith to be acquired by CoreWeave

IPAnnouncement

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RNS Number : 5330C  IP Group PLC  08 October 2025

 FOR RELEASE ON  08 October 2025

 

Portfolio company Monolith to be acquired by CoreWeave

 

IP Group plc (LSE: IPO) ("IP Group" or "the Group"), which invests in
breakthrough science and innovation companies with the potential to create a
better future for all, notes that portfolio company Monolith Ltd is being
acquired by Nasdaq-listed CoreWeave, Inc.

 

Monolith, in which IP Group has a 12.3% holding, is an artificial intelligence
(AI) software provider to engineering teams that was spun out of Imperial
College London.

 

Greg Smith, Chief Executive of IP Group, said: "The sale of Monolith marks
another positive exit from our deeptech portfolio. We're delighted with this
outcome which follows the sales of Featurespace and Garrison from our deeptech
portfolio. As the most experienced and active UK based, early-stage science
investor, this further validates the Group's model and our expertise in
identifying and supporting businesses to successful exits."

 

No financial terms of the transaction have been disclosed. The closing of the
acquisition is subject to customary closing conditions.

The full announcement follows.

 

 

CoreWeave to Acquire Monolith, Expanding AI Cloud Platform into Industrial
Innovation

 

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
(https://finburygloverhering.sharepoint.com/sites/ProjectMiami/Shared%20Documents/Project%20Monolith/(FGS%20version%209.22.25)%20News%20Announcement_%20MH%20Acquisition.docx?utm_source=adwords&utm_medium=cpc&utm_campaign=MDF_BlackwellDSA_Broad&utm_term=coreweave%20gb200&gclid=EAIaIQobChMI28uwvbyQkAMV_yNECB3ByS9WEAAYASAAEgJvVfD_BwE#_msocom_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
(https://www.coreweave.com/news/coreweave-to-acquire-openpipe-leader-in-reinforcement-learning?utm_source=adwords&utm_medium=cpc&utm_campaign=MDF_BlackwellDSA_Broad&utm_term=coreweave%20gb200&gclid=EAIaIQobChMI28uwvbyQkAMV_yNECB3ByS9WEAAYASAAEgJvVfD_BwE)
 for reinforcement learning, and Weights & Biases
(https://investors.coreweave.com/news/news-details/2025/CoreWeave-Completes-Acquisition-of-Weights--Biases/default.aspx?utm_source=adwords&utm_medium=cpc&utm_campaign=MDF_BlackwellDSA_Broad&utm_term=coreweave%20gb200&gclid=EAIaIQobChMI28uwvbyQkAMV_yNECB3ByS9WEAAYASAAEgJvVfD_BwE)
 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
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.coreweave.com%2Fnews%2Faston-martin-aramco-announces-coreweave-as-official-ai-cloud-computing-partner&esheet=54325482&newsitemid=20250916332263&lan=en-US&anchor=Official+AI+Cloud+Computing+Partner+of+the+Aston+Martin+Aramco+Formula+One%26%23174%3B+Team&index=8&md5=342ebaeb0317c5b2784329a77b6ee66d&utm_source=adwords&utm_medium=cpc&utm_campaign=MDF_BlackwellDSA_Broad&utm_term=coreweave%20gb200&gclid=EAIaIQobChMI28uwvbyQkAMV_yNECB3ByS9WEAAYASAAEgJvVfD_BwE)
, 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.

 

For more information, please contact:

 

 IP Group plc                       www.ipgroupplc.com
 Liz Vaughan-Adams, Communications  +44 (0) 20 7444 0062/+44 (0) 7967 312125
 Portland
 Alex Donaldson                     +44 (0) 7516 729702

 

Notes for editors

 

About IP Group

 

IP Group accelerates the impact of science for a better future. As the most
active UK based, early stage science investor, we develop and support some of
the world's most exciting businesses in deeptech, life sciences and cleantech.
Through Parkwalk, the UK's largest growth EIS fund manager, we also back
world-changing innovation emerging in leading universities and research
institutions. Our specialist investment team combines sector expertise with an
international approach. Together we have a strong track record of success,
having backed high-profile companies including Oxford Nanopore Technologies
plc, Featurespace, First Light Fusion, Hysata, and Oxa. IP Group is listed on
the Main Market of the London Stock Exchange under the code IPO. For more
information, please visit our website at www.ipgroupplc.com
(http://www.ipgroupplc.com/) .

 

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