Datavault AI (NASDAQ: DVLT) has executed a binding term sheet with Scilex Holding Company for a $120 million upfront cash contribution tied to a revenue participation agreement that supports the deployment of its quantum-ready, zero trust edge network. The agreement, announced April 28, 2026, provides Datavault AI with substantial capital to accelerate 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 over the next 36 months.
Under the terms of the agreement, Scilex will receive a tiered share of network revenues until defined caps are met, while Datavault AI retains full ownership and upside potential. This structure allows Datavault AI to leverage upfront funding without diluting equity, positioning the company to rapidly build out its infrastructure. The network is designed to be quantum-ready and incorporates zero trust security principles, addressing growing demands for secure, high-performance data transmission in an era of increasing cyber threats and data monetization opportunities.
The announcement underscores the strategic importance of edge computing and secure data networks in the Web 3.0 environment. Datavault AI’s platform, which integrates its Acoustic Science and Data Science Divisions, offers solutions for experiential data perception, valuation, and secure monetization. The company’s technologies, including WiSA, ADIO, and Sumerian, are foundational in spatial and multichannel wireless HD sound transmission, while its Information Data Exchange enables digital twins and licensing of name, image, and likeness by securely attaching physical objects to immutable metadata objects. This deal provides the financial runway to bring these capabilities to a broader market, potentially transforming how data is collected, processed, and monetized at the edge.
For Scilex, the revenue participation agreement offers a path to participate in the upside of Datavault AI’s network without taking on operational risks. The tiered structure ensures that Scilex receives a return based on network performance, aligning incentives between the two companies. This model could serve as a template for future infrastructure investments in the tech sector, where capital-intensive projects require innovative financing mechanisms.
The full press release detailing the agreement is available at https://ibn.fm/66e9Y. Investors should consult the company’s filings with the SEC, including risk factors outlined in its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, for a comprehensive understanding of the risks associated with forward-looking statements. Datavault AI is headquartered in Philadelphia, PA, and its technology suite is customizable, offering AI and machine learning automation, third-party integration, and detailed analytics.
