Datavault AI Inc. (NASDAQ: DVLT) has entered into a binding term sheet with Scilex Holding Company (NASDAQ: SCLX) for a $120 million cash contribution and revenue participation agreement, the companies announced. The funding will support the deployment of Datavault AI's quantum-ready, zero trust edge network, an infrastructure designed to enable advanced AI, high-performance computing, and secure data processing capabilities. Under the agreement, Scilex will receive a tiered share of network revenues up to defined caps, aligning incentives for both parties.
The deployment is expected to cover an estimated 100 U.S. cities, marking a significant expansion of Datavault AI's network infrastructure. This move positions the company to capitalize on the growing demand for secure, high-speed data processing and AI-driven solutions across multiple sectors. The quantum-ready nature of the network suggests future-proofing against advancements in quantum computing, while the zero trust architecture addresses increasing cybersecurity concerns.
Datavault AI, headquartered in Philadelphia, PA, operates through two divisions: Acoustic Science and Data Science. The Acoustic Science Division features patented technologies such as WiSA, ADIO, and Sumerian, focusing on spatial and multichannel wireless HD sound transmission. The Data Science Division leverages Web 3.0 and high-performance computing for data perception, valuation, and secure monetization. The company's cloud-based platform offers solutions for industries including sports and entertainment, biotech, fintech, real estate, healthcare, and energy.
The Information Data Exchange (IDE) enables digital twins and licensing of name, image, and likeness (NIL) by attaching physical objects to immutable metadata, fostering responsible AI. The company's technology suite includes AI and machine learning automation, third-party integration, analytics, and marketing automation.
This partnership with Scilex, a biopharmaceutical company focused on non-opioid pain management, underscores the versatility of Datavault AI's network. The $120 million infusion is expected to accelerate infrastructure build-out, potentially positioning Datavault AI as a key player in the edge computing and AI infrastructure market. For more details, the full press release is available at https://ibn.fm/LOPm4. Updates on Datavault AI can be found in their newsroom at https://ibn.fm/DVLT.
The announcement highlights the growing intersection of advanced computing, cybersecurity, and AI monetization, with implications for how data is processed and secured in an increasingly digital economy. As the network expands, it may enable new applications requiring low-latency, high-bandwidth processing at the edge, such as real-time analytics for autonomous systems and immersive experiences.
