Datavault AI has executed a binding term sheet with Scilex Holding Company for a $120 million cash contribution aimed at funding a significant 100-city expansion of its SanQtum platform, which is designed as a quantum-ready portal for secure, quantum-resistant edge computing infrastructure. As part of this agreement, Scilex will also gain revenue participation rights from the operations of the expanded SanQtum network. This follows Datavault AI’s recent launch of initial edge GPU sites powered by the SanQtum platform, setting the stage for the upcoming broader expansion.
Datavault AI: Datavault AI Inc. is a technology licensing company owning patented secure platforms for AI-driven data management, valuation, and monetization in the Web 3.0 environment. It operates the SanQtum platform, a quantum-ready cybersecurity solution for edge GPU computing integrated with its DataValue, DataScore, and Information Data Exchange tools. The company recently announced a binding term sheet with Scilex Holding Company to fund expansion of its SanQtum platform across 100 cities.
Scilex Holding Company: Scilex Holding Company is a biopharmaceutical firm focused on developing and commercializing non-opioid pain management products for acute and chronic conditions. It pursues strategic investments in AI and data infrastructure technologies. In this news, Scilex executes a term sheet providing cash to Datavault AI for its nationwide quantum-ready GPU network rollout.
SanQtum Platform: SanQtum serves as a Quantum Portal for secure, quantum-resistant edge computing infrastructure.
Funding Structure: Scilex gains revenue participation rights from the expanded SanQtum network operations.
Recent Deployment: Datavault AI launched initial edge GPU sites powered by SanQtum ahead of broader expansion.
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