Datavault AI Inc. (NASDAQ: DVLT), a provider of data monetization, credentialing, digital engagement and real-world asset tokenization technologies, has entered into a binding letter of intent to acquire all outstanding shares of CyberCatch (TSXV: CYBE) (OTCQB: CYBHF), a cybersecurity company offering a patented, AI-enabled platform for continuous compliance and cyber risk mitigation. The all-stock transaction is valued at approximately CAD $136.8 million.
Under the terms of the LOI, CyberCatch will operate as a subsidiary of Datavault AI, with CyberCatch founder, Chairman and CEO Sai Huda serving as president of the subsidiary. The acquisition is expected to combine Datavault AI's expertise in AI experience, valuation and monetization of assets in the Web 3.0 environment with CyberCatch's advanced cybersecurity capabilities.
Datavault AI's cloud-based platform provides comprehensive solutions through its Acoustic Science and Data Science Divisions. The Acoustic Science Division features patented technologies including WiSA, ADIO and Sumerian, which deliver foundational spatial and multichannel wireless HD sound transmission with IP covering audio timing, synchronization and multi-channel interference cancellation. The Data Science Division leverages Web 3.0 and high-performance computing for experiential data perception, valuation and secure monetization.
The company's platform serves multiple industries, including HPC software licensing for sports and entertainment, events and venues, biotech, education, fintech, real estate, healthcare, energy and more. Its Information Data Exchange enables Digital Twins and licensing of name, image and likeness by securely attaching physical real-world objects to immutable metadata objects, fostering responsible AI with integrity.
CyberCatch's AI-enabled platform focuses on continuous compliance and cyber risk mitigation, addressing the growing need for robust cybersecurity measures in an increasingly digital world. The acquisition is poised to create a comprehensive suite of services that not only helps organizations monetize their data assets but also protects them from cyber threats.
For investors, the combined entity is expected to offer enhanced value through integrated solutions that address both data monetization and security. The transaction underscores the importance of cybersecurity in the Web 3.0 ecosystem, where data integrity and protection are paramount. As companies increasingly adopt digital transformation and Web 3.0 technologies, the demand for secure data monetization solutions is likely to grow, positioning the combined company to capitalize on this trend.
More information about Datavault AI is available in the company's newsroom at https://ibn.fm/DVLT. The full press release can be viewed at https://ibn.fm/lktOf.
