Datavault AI (NASDAQ: DVLT) Executes $120M Term Sheet With Scilex for Quantum-Ready Edge Network Deployment

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. Under the agreement, Scilex will receive a tiered share of network revenues up to defined caps, while 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.

To view the full press release, visit https://ibn.fm/LOPm4

Questions around this news

What is the planned purpose of the funding?
Datavault AI says the funding is expected to support infrastructure build-out for its network across an estimated 100 U.S. cities. The planned network is intended to support advanced artificial intelligence, high-performance computing and secure data processing. The release does not provide further deployment timing or city-by-city details.
How does a revenue participation agreement generally work?
In a revenue participation agreement, one party receives an agreed portion of revenue generated by a business, project or asset. The arrangement may specify how revenue is measured, when payments are made, and whether a cap or other limit applies. Its terms vary by contract, so the agreement’s details determine how it works.
What does zero trust mean in network security?
Zero trust is a security approach that does not assume a user, device or connection is safe merely because it is inside an organization’s network. Access is granted based on verification and permissions, with checks applied as users and systems request resources. Specific implementations can differ in the controls they use.

About Datavault AI Inc.

Datavault AI 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. 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. Datavault AI’s cloud-based platform provides comprehensive solutions serving multiple industries, including HPC software licensing for sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, energy and more. 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. Datavault AI’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 Company is headquartered in Philadelphia, PA.

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At a glance

Company: Datavault AI Inc.
Ticker: NASDAQ: DVLT
Announcement: Financing

Key figures

Cash contribution: $120 million
Estimated U.S. cities for network deployment: 100

Products and programs

Quantum-ready, zero-trust edge network

SEC filings

Earlier from Datavault AI Inc.

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