Datavault AI Inc. (NASDAQ: DVLT) has announced the execution of a binding term sheet with Scilex Holding Company (NASDAQ: SCLX) for a $120 million upfront cash contribution tied to a revenue participation agreement. The funding will support the deployment of Datavault AI's quantum-ready, zero trust edge network, a nationwide rollout targeting 100 U.S. cities over the next 36 months. Initial deployments are expected in New York and Philadelphia in the second quarter of 2026.
Under the terms of the agreement, Scilex will receive a tiered share of network revenues until defined caps are met, while Datavault AI retains ownership and upside potential. This structure allows Datavault AI to advance its network buildout without diluting equity, positioning the company to capitalize on growing demand for secure, high-performance edge computing solutions.
The significance of this deal extends beyond the immediate capital infusion. Datavault AI's edge network is designed to be quantum-ready, meaning it can integrate future quantum computing capabilities, and incorporates zero trust security principles, which are increasingly critical as cyber threats evolve. The network's deployment could have broad implications for industries such as sports and entertainment, events, venues, biotech, education, fintech, real estate, healthcare, and energy, all of which Datavault AI serves through its cloud-based platform.
Datavault AI's technology suite includes Acoustic Science and Data Science Divisions. The Acoustic Science Division features WiSA, ADIO, and Sumerian patented technologies for spatial and multichannel wireless HD sound transmission. The Data Science Division leverages Web 3.0 and high-performance computing for experiential data perception, valuation, and secure monetization. The company's Information Data Exchange (IDE) enables Digital Twins and licensing of name, image, and likeness (NIL) by securely attaching physical objects to immutable metadata objects.
The $120 million commitment from Scilex underscores confidence in Datavault AI's vision and technology. For investors, this deal signals a major step toward commercializing a cutting-edge network infrastructure that could reshape data transmission and security. The initial focus on major metropolitan areas like New York and Philadelphia suggests a strategy to prove the network's capabilities in high-density environments before scaling nationally.
Datavault AI is headquartered in Philadelphia, PA, and its stock trades on Nasdaq under the ticker DVLT. More information is available in the company's newsroom at https://ibn.fm/DVLT. The full press release can be viewed at https://ibn.fm/66e9Y.
