Monolith AI, a London, UK-based AI assistant for engineers, raised £1.9m in funding.
The round was led by Pentech Ventures with participation from Stanford Angels of the UK, Ascension Ventures and Charlie Songhurst.
The company intends to use the funds to accelerate product development.
Led by Dr Richard Ahlfeld, CEO and Founder, Monolith AI is a deep technology company developing machine learning software that allows engineers to design products like cars and aeroplanes.
It allows users to:
– Create your own new notebook
– Visualise and validate data
– Train their own Machine Learning Model
– Analyse in real-time your input/output relationships
The proprietary machine learning software is available as a desktop, private or public cloud solution.
The company, which has taken part in the Founders Factory Accelerator and Techcelerate Incubator programs, has worked with companies and their engineers in the Automotive, Aerospace and Packaging industries.