Datavault AI Inc. (NASDAQ: DVLT) announced it has executed a binding term sheet with Scilex Holding Company (NASDAQ: SCLX) for a $120 million upfront cash contribution tied to a revenue participation agreement. The funding will support the deployment of Datavault AI's quantum-ready, zero trust edge network across the United States.
Under the terms of the agreement, Scilex will receive a tiered share of network revenues until defined caps are met. Meanwhile, Datavault AI retains ownership and upside as it advances a nationwide rollout targeting 100 U.S. cities. Initial deployments are expected in New York and Philadelphia in the second quarter of 2026, with scaled expansion planned over the next 36 months.
This deal marks a significant step for Datavault AI as it moves toward commercializing its edge network technology. The company's platform is designed to provide secure, high-performance computing capabilities leveraging Web 3.0 and AI. The network is expected to serve multiple industries, including sports and entertainment, biotech, fintech, real estate, healthcare, and energy.
Datavault AI's technology suite includes its Acoustic Science Division, featuring WiSA, ADIO, and Sumerian patented technologies for spatial and multichannel wireless HD sound transmission, and its Data Science Division, which focuses on experiential data perception, valuation, and secure monetization. The company's Information Data Exchange (IDE) enables Digital Twins and licensing of name, image, and likeness (NIL) by securely attaching physical real-world objects to immutable metadata objects.
The $120 million upfront capital provides a strong foundation for scaling the network infrastructure. For business leaders, this development signals growing investment in edge computing and quantum-ready networks, which could enable faster data processing and enhanced security for enterprise applications. The nationwide buildout may also create new opportunities for industries relying on real-time data analytics and AI-driven insights.
Investors and industry watchers can find the latest news and updates relating to DVLT in the company's newsroom at https://ibn.fm/DVLT. More details on the term sheet are available in the full press release at https://ibn.fm/66e9Y.
