Datavault AI (NASDAQ: DVLT) announced it has executed a binding term sheet with Scilex Holding Company for a $120 million upfront cash contribution tied to a revenue participation agreement supporting the deployment of its quantum-ready, zero trust edge network. The funding will accelerate a nationwide rollout targeting 100 U.S. cities, with initial deployments expected in New York and Philadelphia in the second quarter of 2026 and scaled expansion planned over the next 36 months.
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. This structure allows Datavault to secure substantial capital without diluting equity, positioning the company to advance its infrastructure buildout.
Datavault AI's edge network is designed to be quantum-ready and incorporates a zero trust security model, which is increasingly critical as cyber threats evolve. The network aims to provide secure, high-performance computing capabilities for applications such as digital twins, name, image, and likeness (NIL) licensing, and responsible AI deployment.
The company's technology suite includes its Acoustic Science Division, featuring WiSA, ADIO, and Sumerian patented technologies for spatial audio, and its Data Science Division, which leverages Web 3.0 and high-performance computing for data perception, valuation, and monetization. The Information Data Exchange (IDE) enables secure attachment of physical objects to immutable metadata, fostering responsible AI with integrity.
This investment comes at a time when demand for edge computing and secure data infrastructure is surging. The $120 million term sheet provides Datavault AI with the resources to scale its network rapidly, potentially impacting industries such as sports and entertainment, biotech, education, fintech, real estate, healthcare, and energy. For more details, the full press release is available at https://ibn.fm/66e9Y.
The forward-looking statements in this announcement are subject to risks and uncertainties, as detailed in the company's filings with the SEC, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Investors should not place undue reliance on these statements. Datavault AI undertakes no duty to update this information unless required by law.
