Datavault AI partners with Scilex for $120M to deploy a quantum-ready, zero trust edge network across 100 U.S. cities, starting in New York and Philadelphia byDatavault AI partners with Scilex for $120M to deploy a quantum-ready, zero trust edge network across 100 U.S. cities, starting in New York and Philadelphia by

Datavault AI Secures $120M Term Sheet with Scilex for Quantum-Ready Edge Network Buildout

2026/04/28 21:34
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Datavault AI Inc. (NASDAQ: DVLT) has announced a binding term sheet with Scilex Holding Company (NASDAQ: SCLX) for a $120 million upfront cash contribution to support the deployment of its quantum-ready, zero trust edge network. The agreement, structured as a revenue participation deal, grants Scilex a tiered share of network revenues until predefined caps are met, while Datavault AI retains full ownership and upside potential 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.

The significance of this deal lies in its potential to accelerate the buildout of a next-generation network infrastructure designed to handle quantum computing workloads and enforce zero-trust security protocols. According to the press release, Datavault AI’s technology suite includes its Acoustic Science and Data Science Divisions, with patented technologies such as WiSA, ADIO, and Sumerian for spatial audio, and its Information Data Exchange (IDE) platform for digital twins and secure metadata attachment. This network could enable applications across multiple industries, including sports and entertainment, biotech, fintech, healthcare, and energy, by providing high-performance computing (HPC) software licensing and secure data monetization.

The partnership with Scilex, a company with its own public listing (NASDAQ: SCLX), provides Datavault AI with substantial upfront capital to fund infrastructure deployment without diluting equity or incurring debt. Revenue participation agreements are increasingly common in capital-intensive infrastructure projects, as they align incentives and share risk. For Scilex, the agreement offers a potential revenue stream tied to the network’s success, with tiered participation that could yield returns if the network achieves widespread adoption.

Industry analysts view this as a strategic move for Datavault AI to establish a first-mover advantage in the emerging quantum-ready edge computing market. The focus on zero-trust security addresses growing concerns about data breaches and cyber threats, particularly as enterprises and governments migrate sensitive workloads to edge environments. The company’s cloud-based platform, which integrates AI and machine learning automation, third-party integration, and detailed analytics, positions it to serve a diverse client base.

However, the ambitious timeline and scale—100 cities over three years—pose significant execution risks. The company must secure additional partnerships, navigate regulatory hurdles, and manage capital expenditures. The initial deployments in New York and Philadelphia will be critical proof points for the technology and business model. Investors will closely monitor progress, as the success of this network could redefine how industries leverage edge computing for AI and data-intensive applications.

For more details on Datavault AI and its technology, visit the company’s newsroom at https://ibn.fm/DVLT. The full press release is available at https://ibn.fm/66e9Y.

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This news story relied on content distributed by InvestorBrandNetwork (IBN). Blockchain Registration, Verification & Enhancement provided by NewsRamp™. The source URL for this press release is Datavault AI Secures $120M Term Sheet with Scilex for Quantum-Ready Edge Network Buildout.

The post Datavault AI Secures $120M Term Sheet with Scilex for Quantum-Ready Edge Network Buildout appeared first on citybuzz.

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