Datavault AI Inc. (NASDAQ: DVLT), a provider of data monetization, credentialing, digital engagement and real-world asset tokenization technologies, has entered into a binding letter of intent to acquire 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. CyberCatch is expected to operate as a Datavault AI subsidiary, with founder, Chairman and CEO Sai Huda serving as president of the subsidiary.
The acquisition marks a strategic expansion for Datavault AI, integrating CyberCatch's AI-driven cybersecurity capabilities with its own suite of technologies for data valuation and monetization. CyberCatch's platform provides continuous compliance monitoring and risk mitigation, which is increasingly critical as businesses face evolving cyber threats and regulatory requirements. This combination is expected to offer clients a comprehensive solution that not only secures digital assets but also unlocks their value through tokenization and monetization.
Datavault AI is known for its cloud-based platform that spans Acoustic Science and Data Science Divisions. Its Acoustic Science Division features patented technologies including WiSA, ADIO, and Sumerian for wireless HD sound transmission, while the Data Science Division leverages Web 3.0 and high-performance computing for data perception, valuation, and secure monetization. The company's Information Data Exchange (IDE) enables Digital Twins and licensing of name, image, and likeness by attaching physical objects to immutable metadata objects, fostering responsible AI.
CyberCatch, headquartered in Canada, provides an AI-enabled platform that helps organizations achieve and maintain compliance with frameworks such as NIST, PCI, and HIPAA, while also mitigating cyber risks. The platform uses artificial intelligence to continuously monitor and assess security controls, providing real-time visibility and remediation recommendations. This acquisition aligns with Datavault AI's mission to enhance digital engagement and asset monetization through secure, compliant technologies.
The transaction is subject to customary closing conditions, including regulatory approvals and approval by CyberCatch shareholders. Upon completion, the combined entity is expected to offer a unique value proposition: the ability to secure and monetize digital assets in a compliant manner. For more details, the full press release is available at this link.
Investors can find the latest news and updates regarding Datavault AI at the company's newsroom: https://ibn.fm/DVLT.
