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 the deployment of its quantum-ready, zero trust edge network. The agreement, detailed in a press release, provides Scilex with a tiered share of network revenues up to defined caps while funding infrastructure build-out across an estimated 100 U.S. cities.
The investment is expected to enable advanced AI, high-performance computing, and secure data processing capabilities. The edge network is designed to be quantum-ready, positioning Datavault AI to address growing demands for low-latency, secure computing at the network edge. This deployment could significantly enhance capabilities for industries such as sports and entertainment, biotech, healthcare, and fintech, which increasingly rely on real-time data processing and AI-driven insights.
The funding comes as organizations seek to move computing closer to data sources to reduce latency and improve security. Datavault AI’s zero trust architecture aims to protect data as it is processed and transmitted across the network. The company’s platform combines its Acoustic Science and Data Science divisions, which include patented technologies like WiSA, ADIO, and Sumerian for wireless HD sound transmission, and its Information Data Exchange (IDE) for digital twins and licensing of name, image, and likeness (NIL).
The $120 million cash infusion is a significant capital commitment that will accelerate the network’s rollout. Scilex’s participation as a revenue-sharing partner suggests confidence in the network’s commercial potential. For Datavault AI, the agreement provides non-dilutive funding to expand its infrastructure without immediate pressure on existing shareholders.
The broader implications involve the democratization of high-performance computing and AI capabilities. By deploying edge nodes in 100 cities, Datavault AI could offer businesses and institutions access to powerful computing resources without the need for large capital expenditures. This aligns with trends in edge computing, where processing is distributed to reduce reliance on centralized cloud data centers.
For Scilex, the tiered revenue share model offers potential returns tied to the network’s success. The agreement also highlights growing interest in quantum-ready infrastructure, as companies prepare for future quantum computing capabilities. Datavault AI’s focus on zero trust security addresses increasing concerns about data breaches and cyber threats.
The company is headquartered in Philadelphia, PA, and its technology stack includes AI and machine learning automation, third-party integration, and analytics. The full press release is available at https://ibn.fm/LOPm4. Forward-looking statements in the announcement are subject to risks detailed in Datavault AI’s SEC filings, including its most recent Annual Report on Form 10-K and quarterly reports.
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. The source URL for this press release is Datavault AI Secures $120M from Scilex for Quantum-Ready Edge Network Across 100 U.S. Cities.
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