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AI startup Monolith AI raises £1.9m

Technology start-up Monolith AI, which has developed the first AI assistant for engineers has announced it has raised £1.9 million led by Pentech Ventures with participation from Stanford Angels of the UK, Ascension Ventures and Charlie Songhurst.

Monolith AI’s platform applies cutting-edge machine learning to complex engineering problems. The London-based company has demonstrated significant value in their early customer engagements by utilising the large amounts of data that is generated during the engineering design process.

The Monolith platform enables the exploitation of this valuable data asset using its advanced data analytics and machine learning framework, enabling the customer to drastically shorten time to market.

“Our goal is to accelerate product development, from race cars to spaceships and everything in between. We believe that traditional engineering will soon change dramatically. Our dream is to work alongside engineers to enable them to bring exponential growth to product development. We are building the world’s first AI Platform for Engineers”, said Dr Richard Ahlfeld, CEO and Founder of Monolith AI.

“Monolith is transforming engineering design, by unlocking capabilities to handle unprecedented scale and complexity at breakthrough speed,” said Rani Saad, president of the Stanford Angels of the UK.

“We are delighted to have backed Monolith from the outset and to continue to do so.”

This funding will support Monolith’s mission to transform the engineering design process through the use of their advanced AI platform.