Datavault AI Inc. (NASDAQ: DVLT), a provider of data monetization, credentialing, digital engagement and real-world asset (RWA) tokenization technologies, has entered into a binding letter of intent to acquire all of CyberCatch (TSXV: CYBE) (OTCQB: CYBHF), a cybersecurity company offering a patented, AI-enabled platform for continuous compliance and cyber risk mitigation. The all-stock transaction is valued at approximately CAD $136.8 million.
Under the terms of the agreement, CyberCatch will operate as a subsidiary of Datavault AI, with CyberCatch’s founder, Chairman and CEO Sai Huda serving as president of the subsidiary. This strategic acquisition is expected to enhance Datavault AI’s capabilities in cybersecurity, adding a layer of protection and compliance to its existing suite of Web 3.0 technologies.
Datavault AI’s cloud-based platform provides comprehensive solutions for AI experience, valuation, and monetization of assets in the Web 3.0 environment. Its Acoustic Science Division features patented technologies including WiSA, ADIO and Sumerian, which are foundational for spatial and multichannel wireless HD sound transmission. The Data Science Division leverages Web 3.0 and high-performance computing for experiential data perception, valuation and secure monetization.
The company’s Information Data Exchange (IDE) enables Digital Twins and licensing of name, image, and likeness (NIL) by securely attaching physical real-world objects to immutable metadata objects. These technologies serve multiple industries, including sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare and energy.
CyberCatch’s AI-enabled platform provides continuous compliance and cyber risk mitigation, addressing the growing need for robust cybersecurity in an increasingly digital world. The combination of Datavault AI’s data monetization and tokenization technologies with CyberCatch’s cybersecurity expertise is expected to create a comprehensive solution for enterprises navigating the Web 3.0 landscape.
For more details on the transaction, visit the full press release at https://ibn.fm/lktOf. Investors seeking the latest news on Datavault AI can access updates at https://ibn.fm/DVLT.
