Datavault AI Secures $120 Million to Launch 100-City Computing Network

2026-04-27 companies

New York, Tuesday, 28 April 2026.
Backed by a $120 million agreement and $1.2 billion in stockpiled Nvidia chips, Datavault AI will expand its advanced computing infrastructure across 100 U.S. cities without diluting equity.

A Non-Dilutive Approach to Capital Generation

On April 27, 2026, Datavault AI Inc. (NASDAQ: DVLT) formalized a binding term sheet with Scilex Holding Company (NASDAQ: SCLX) to secure a $120 million upfront cash contribution [1][2][4]. Rather than issuing new shares and diluting current stockholders, Datavault AI opted for a revenue-participation agreement [1][2]. Under the terms of this financial structure, Scilex will receive 30% of gross network revenues until it recoups an initial $250 million [1][3]. Following this interim cap, the revenue share drops to 15% until Scilex receives a combined total of $1.2 billion, after which it will collect a perpetual 5% of network revenues [2][3].

Phased Rollout of the SanQtum Edge Infrastructure

The capital will fund the deployment of a “quantum-ready, zero trust edge network” utilizing the SanQtum platform developed by Available Infrastructure [1][2]. This technological stack is designed to provide quantum-resilient encryption, private sovereign cloud capabilities, and localized GPUs for artificial intelligence inference at the edge [1][6]. The micro edge data centers aim to support mission-critical digital services, high-performance computing, and tokenized real-world asset (RWA) processing for government and enterprise clients [1][6].

Revenue Projections and Inherent Market Risks

The financial expectations for the completed network are substantial. Available Infrastructure, which Datavault AI has selected as the foundational platform, projects an annual revenue potential of $100 million to $1 billion per city [2]. Across the planned 100-city network, this translates to an aggregate annual revenue potential ranging from $10 billion to $100 billion [2][6]. Datavault AI CEO Nathaniel T. Bradley described the Scilex contribution as a “transformative milestone” that provides necessary capital to execute the company’s vision without shareholder dilution [1][2].

Sources

Artificial intelligence Infrastructure investment