Datavault AI Inc. (NASDAQ: DVLT) 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 company announced. The funding will support the deployment of Datavault AI's quantum-ready, zero trust edge network, a key infrastructure play in the evolving Web 3.0 landscape.
Under the terms of the agreement, Scilex will receive a tiered share of network revenues until defined caps are met, while Datavault AI retains ownership and upside potential. The company plans a nationwide rollout targeting 100 U.S. cities, with initial deployments expected in New York and Philadelphia in the second quarter of 2026, followed by scaled expansion over the next 36 months.
This announcement underscores the growing importance of edge computing and quantum-ready infrastructure in an era where data security and low-latency processing are critical. Datavault AI's zero trust architecture addresses security concerns by ensuring that no entity is trusted by default, even within the network perimeter. The quantum-ready aspect positions the network to leverage future quantum computing capabilities, offering a forward-looking solution for data-intensive applications.
The funding from Scilex, a specialty pharmaceutical company, signals cross-sector interest in advanced network infrastructure. For Datavault AI, the capital injection accelerates its ability to build out a network that could serve multiple industries, including sports and entertainment, healthcare, fintech, and education, as highlighted in the company's broader strategy.
Datavault AI's cloud-based platform integrates solutions from its Acoustic Science and Data Science Divisions. The Acoustic Science Division features technologies like WiSA, ADIO, and Sumerian for spatial audio, while the Data Science Division focuses on Web 3.0 and high-performance computing for data monetization and security. The Information Data Exchange (IDE) enables digital twins and licensing of name, image, and likeness (NIL) by attaching physical objects to immutable metadata.
The company's technology suite is customizable and offers AI and machine learning automation, third-party integration, analytics, and marketing automation. Datavault AI is headquartered in Philadelphia, PA.
For more information on Datavault AI, visit the company's newsroom at https://ibn.fm/DVLT. The full press release is available at https://ibn.fm/66e9Y.
