Curated News
By: NewsRamp Editorial Staff
April 28, 2026

Datavault AI Secures $120M from Scilex for Edge Network Rollout

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TLDR

  • Datavault AI secured $120M from Scilex, gaining capital to deploy its zero trust edge network across 100 U.S. cities.
  • Datavault AI's binding term sheet with Scilex funds a quantum-ready, zero trust edge network, with Scilex receiving tiered revenue shares until caps are met.
  • Datavault AI's network aims to enhance data security and AI integrity, fostering responsible technology for a safer digital future.
  • Datavault AI's quantum-ready network, starting in New York and Philadelphia in Q2 2026, will deploy across 100 cities in 36 months.

Impact - Why it Matters

This partnership underscores a major leap in deploying quantum-ready, zero trust edge networks, which promise enhanced data security and low-latency connectivity for critical applications. For businesses and consumers, this could mean faster, more secure digital experiences across multiple sectors, from healthcare to fintech. The scale of the rollout—targeting 100 U.S. cities—signals a significant infrastructure investment that may drive innovation and competition in edge computing.

Summary

Datavault AI (NASDAQ: DVLT) has announced a binding term sheet with Scilex Holding Company (NASDAQ: SCLX) for a $120 million upfront cash contribution tied to a revenue participation agreement. The funds will support the deployment of Datavault AI's quantum-ready, zero trust edge network across the United States. Under the terms, Scilex will receive a tiered share of network revenues until defined caps are met, while Datavault AI retains full ownership and upside potential. The company plans a nationwide rollout targeting 100 U.S. cities, with initial deployments in New York and Philadelphia expected in the second quarter of 2026, followed by scaled expansion over the next 36 months.

Datavault AI is a leader in AI experience, valuation, and monetization of assets in the Web 3.0 environment. Its cloud-based platform offers comprehensive solutions through its Acoustic Science and Data Science Divisions. The Acoustic Science Division features WiSA, ADIO, and Sumerian patented technologies for spatial and multichannel wireless HD sound transmission. The Data Science Division leverages Web 3.0 and high-performance computing for 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 objects to immutable metadata objects. Datavault AI's technology serves multiple industries, including sports & entertainment, biotech, fintech, real estate, healthcare, and energy. Headquartered in Philadelphia, PA, the company is poised for significant growth with this new partnership.

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Source Statement

This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Datavault AI Secures $120M from Scilex for Edge Network Rollout

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