Datavault AI Secures $120M Term Sheet With Scilex for Quantum-Ready Edge Network Buildout
April 28th, 2026 10:15 PM
By: Newsworthy Staff
Datavault AI has secured a $120 million term sheet from Scilex Holding Company to deploy a quantum-ready, zero trust edge network across 100 U.S. cities, with initial deployments in New York and Philadelphia starting Q2 2026.

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 supporting the deployment of its quantum-ready, zero trust edge network. This strategic financing enables Datavault AI to accelerate the nationwide rollout of its advanced edge computing infrastructure, targeting 100 U.S. cities with initial deployments expected in New York and Philadelphia in the second quarter of 2026.
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. The company plans to scale expansion over the next 36 months, leveraging the funding to build out a network that combines quantum-ready capabilities with zero trust security principles. This architecture is designed to support high-performance computing and data-intensive applications across multiple industries, including sports and entertainment, biotech, fintech, and healthcare.
Datavault AI’s cloud-based platform provides comprehensive solutions for AI experience, valuation, and monetization of assets in the Web 3.0 environment. The company’s Acoustic Science Division features patented technologies such as WiSA, ADIO, and Sumerian, which enable spatial and multichannel wireless HD sound transmission. Meanwhile, the Data Science Division leverages Web 3.0 and high-performance computing to offer solutions for experiential data perception, valuation, and secure monetization. The Information Data Exchange (IDE) enables Digital Twins and licensing of name, image, and likeness by securely attaching physical real-world objects to immutable metadata objects.
The $120 million commitment from Scilex underscores growing investor confidence in Datavault AI’s vision for a decentralized, secure edge network. As data volumes explode and latency requirements tighten, the demand for edge computing infrastructure that can handle AI workloads and real-time processing is surging. Datavault AI’s quantum-ready approach positions it to address future computational needs, while its zero trust framework ensures data integrity and security—a critical factor for enterprise adoption.
With this funding, Datavault AI is poised to challenge established players in the edge computing space. The company’s focus on Web 3.0 and digital asset monetization also differentiates it from traditional infrastructure providers. For Scilex, the revenue participation model offers a potential upside as the network scales, aligning incentives between the two companies.
For more details on the term sheet and the full press release, visit https://ibn.fm/66e9Y.
Source Statement
This news article relied primarily on a press release disributed by NewMediaWire. You can read the source press release here,
