Monolith is an AI-powered engineering platform that enables design and engineering teams to capitalise on existing CAD, simulation, and test data to predict the behaviour of future designs without new simulations or tests. Founded in 2016 by Dr. Richard Achfeld, the London-based firm emphasises democratising AI by empowering engineers to be self-sufficient in building and deploying AI solutions. Achfeld's background includes projects with NASA, Airbus and Rolls-Royce, which underpins the company's engineering focus. The platform targets engineered products across aircraft, automotive and electronics, and is already employed by major brands including BMW, Honda, Siemens and BAE Systems. Monolith says it will use the new capital to further accelerate product development. To date the company has raised £10.6 million, including the recently announced Series A.

Total raised

$12M

Funding rounds

1

Latest round

Series A

Latest activity

Aug 2021