Datavault AI (NASDAQ: DVLT) announced it has executed a binding term sheet with Scilex Holding Company for a $120 million cash contribution and revenue participation agreement to support deployment of its quantum-ready, zero trust edge network. The agreement marks a significant investment in next-generation infrastructure, with Scilex receiving a tiered share of network revenues up to defined caps. The funding is expected to support infrastructure build-out across an estimated 100 U.S. cities, enabling advanced AI, high-performance computing, and secure data processing capabilities.
This deployment represents a major step for Datavault AI, which is leading the way in AI experience, valuation, and monetization of assets in the Web 3.0 environment. The company’s cloud-based platform provides comprehensive solutions with a collaborative focus in its Acoustic Science and Data Science Divisions. The Acoustic Science Division features patented technologies including WiSA, ADIO, and Sumerian, which provide foundational spatial and multichannel wireless HD sound transmission technologies with IP covering audio timing, synchronization, and multi-channel interference cancellation. The Data Science Division leverages the power of Web 3.0 and high-performance computing to provide solutions for experiential data perception, valuation, and secure monetization.
The partnership with Scilex, a biopharmaceutical company, underscores the cross-industry applicability of Datavault AI’s technology. The edge network is designed to support multiple industries, including HPC software licensing for sports and entertainment, events and venues, biotech, education, fintech, real estate, healthcare, and energy. Datavault AI’s Information Data Exchange (IDE) enables Digital Twins and licensing of name, image, and likeness (NIL) by securely attaching physical real-world objects to immutable metadata objects, fostering responsible AI with integrity. The company’s technology suite is completely customizable and offers AI and Machine Learning (ML) automation, third-party integration, detailed analytics and data, marketing automation, and advertising monitoring.
The $120 million term sheet is a binding agreement, indicating a strong commitment from both parties. The revenue participation model allows Scilex to benefit directly from the network’s success, while Datavault AI gains the capital needed to rapidly expand its infrastructure. The deployment across 100 U.S. cities could significantly enhance edge computing capabilities, reducing latency and improving data security for a wide range of applications. This is particularly relevant for industries requiring real-time data processing and secure data handling, such as healthcare, fintech, and biotech.
Datavault AI is headquartered in Philadelphia, PA. The full terms of the agreement and additional details are available in the official press release at https://ibn.fm/LOPm4. Forward-looking statements in this announcement are subject to risks and uncertainties as detailed in the company's SEC filings.
