Datavault AI (NASDAQ: DVLT) announced it has executed a binding term sheet with Scilex Holding Company for a $120 million upfront cash contribution tied to a revenue participation agreement supporting the deployment of its quantum-ready, zero trust edge network. Under the terms, Scilex will receive a tiered share of network revenues until defined caps are met, while Datavault AI retains ownership and upside as it advances a nationwide rollout targeting 100 U.S. cities, with initial deployments expected in New York and Philadelphia in the second quarter of 2026 and scaled expansion planned over the next 36 months.
This agreement marks a significant milestone for Datavault AI, providing substantial non-dilutive capital to fund the buildout of its edge network infrastructure. The network is designed to leverage quantum-ready technologies and zero trust security principles, positioning Datavault AI to address growing demand for secure, high-performance edge computing solutions. The company’s platform integrates its Acoustic Science and Data Science Divisions, featuring patented technologies such as WiSA, ADIO, and Sumerian for spatial audio and wireless HD sound transmission, as well as the Information Data Exchange (IDE) for digital twins and secure asset monetization.
The deployment is expected to create a scalable edge network capable of supporting applications across multiple industries, including sports and entertainment, events, biotech, education, fintech, real estate, healthcare, and energy. Datavault AI’s cloud-based platform offers AI and machine learning automation, third-party integration, and detailed analytics. The company is headquartered in Philadelphia, PA, and is focused on leading AI experience, valuation, and monetization in the Web 3.0 environment.
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Forward-looking statements in this article involve risks and uncertainties as detailed in the company’s filings with the SEC. Undue reliance should not be placed on these forward-looking statements, and the company undertakes no duty to update them unless required by law.
