Datavault AI and Kove Partner to Launch Secure Data Monetization Platform
TL;DR
Datavault AI (NASDAQ: DVLT) partners with Kove IO to launch a tokenized data vending platform, addressing the $700 billion data monetization market.
Datavault AI integrates Data Vault® with Kove:SDM software-defined memory to provide a secure and real-time data monetization platform for finance, biotech, and defense industries.
Datavault AI's joint solution with Kove IO offers a compliant way to monetize underutilized data, contributing to a more efficient and profitable business environment.
Datavault AI's platform supports encrypted smart contracts and integrates with Snowflake and Databricks, making data monetization more accessible and streamlined for various industries.
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Datavault AI Inc. and Kove IO Inc. have unveiled a collaborative platform designed to transform how enterprises manage and monetize their data assets. The joint solution integrates Datavault's Data Vault® technology with Kove:SDM™ software-defined memory, creating a secure and compliant mechanism for organizations in finance, biotech, and defense sectors to leverage their underutilized data resources.
The new platform supports encrypted smart contracts and seamlessly integrates with prominent data management systems like Snowflake and Databricks. By targeting the expansive $700 billion data monetization market, the partnership represents a significant advancement in how companies can extract value from their digital information.
Enterprises will now have a real-time, secure method to tokenize and sell data, addressing critical challenges around data valuation and secure exchange. The solution provides a comprehensive approach to transforming data from a static asset to a dynamic, monetizable resource.
The platform's launch at IBM Think 2025 in Boston signals a potential paradigm shift in how organizations perceive and utilize their data holdings. By offering a compliant and technologically advanced solution, Datavault AI and Kove IO are positioning themselves at the forefront of the emerging data monetization ecosystem.
Curated from InvestorBrandNetwork (IBN)
