Datavault AI secures $120M from Scilex to deploy quantum-ready zero trust edge network across 100 U.S. cities, starting in New York and Philadelphia in Q2 2026.Datavault AI secures $120M from Scilex to deploy quantum-ready zero trust edge network across 100 U.S. cities, starting in New York and Philadelphia in Q2 2026.

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

2026/04/29 06:15
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Datavault AI (NASDAQ: DVLT) announced it has executed a binding term sheet with Scilex Holding Company for a $120 million upfront cash contribution tied to a revenue participation agreement. The funding will support the deployment of its quantum-ready, zero trust edge network, a move that positions the company to capitalize on the growing demand for secure, high-performance computing infrastructure.

Under the terms, Scilex will receive a tiered share of network revenues until defined caps are met, while Datavault AI retains ownership and upside. 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 and scaled expansion planned over the next 36 months.

This agreement underscores the increasing importance of edge computing and quantum-ready networks in an era where data security and low-latency processing are critical. Datavault AI’s zero trust architecture ensures that all data transmissions are authenticated and encrypted, addressing vulnerabilities in traditional network models. The infusion of $120 million allows the company to accelerate its buildout without diluting equity, a strategic advantage in a capital-intensive industry.

Datavault AI’s technology suite includes the Information Data Exchange (IDE), which enables Digital Twins and licensing of name, image, and likeness (NIL) by securely attaching physical real-world objects to immutable metadata objects. The company’s cloud-based platform provides comprehensive solutions serving multiple industries, including sports & entertainment, biotech, education, fintech, real estate, healthcare, and energy. Its Acoustic Science Division features WiSA, ADIO, and Sumerian patented technologies for spatial and multichannel wireless HD sound transmission.

For more details, the full press release is available at https://ibn.fm/66e9Y.

The partnership with Scilex reflects a growing trend of non-dilutive financing for infrastructure projects in the tech sector. By securing a revenue participation agreement, Datavault AI aligns investor returns with network performance, incentivizing rapid and efficient deployment. The company’s focus on quantum readiness also positions it to leverage future advances in computing, ensuring its network remains relevant as quantum technology matures.

Forward-looking statements in this article involve risks and uncertainties, as detailed in Datavault AI’s SEC filings. The company undertakes no duty to update this information unless required by law.

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This news story relied on content distributed by NewMediaWire. 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.

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

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