Datavault AI (NASDAQ: DVLT) announced it has executed a binding term sheet with Scilex Holding Company (NASDAQ: SCLX) for a $120 million cash contribution and revenue participation agreement to support deployment of its quantum-ready, zero trust edge network. 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.
Under the agreement, Scilex will receive a tiered share of network revenues up to defined caps. This partnership marks a significant step for Datavault AI in scaling its technology platform, which combines Acoustic Science and Data Science Divisions. The company’s cloud-based platform provides comprehensive solutions with a collaborative focus in these areas.
Datavault AI’s Acoustic Science Division features WiSA(R), ADIO(R) and Sumerian(R) patented technologies and industry first 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 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 Information Data Exchange(R)(IDE) enables Digital Twins, licensing of name, image, and likeness (NIL) by securely attaching physical real-world objects to immutable metadata objects, fostering responsible AI with integrity.
For more details on the announcement, the full press release is available at https://ibn.fm/LOPm4. Datavault AI is headquartered in Philadelphia, PA. The latest news and updates relating to DVLT are available in the company’s newsroom at https://ibn.fm/DVLT.
