Datavault AI Stock Jumps 13% After Announcing Partnership With IBM

Datavault AI Inc.(DVLT) announced on Monday that it has secured a major partnership with IBM, which has committed substantial resources, including technical sales, engineering talent, and quantum computing expertise, to support Datavault AI’s expanding platform.

IBM plans to contribute 20,000 hours of support, valued at approximately $5 million. Additionally, the company confirmed on Friday the completion of the first tranche of a $150 million Bitcoin (BTC)-backed investment from Scilex Holding Company. 

Datavault AI stock traded over 13% higher on Monday, after the morning bell. On Stocktwits, retail sentiment around the stock remained in ‘extremely bullish’ territory amid ‘extremely high’ message volume levels. 

A Stocktwits user sounded positive about the developments. 

"Bringing our resources to support Datavault’s mission will help drive the data monetization of which companies of all sizes can take advantage,” said Head of Americas AI Partnerships at IBM, Biz Dziarmaga. 

The collaboration aims to integrate advanced features from IBM’s watsonx.ai and watsonx.governance suites, helping Datavault scale faster across enterprise and institutional markets.

As part of the investment, initially, Scilex has acquired 15 million shares of Datavault common stock at $0.5378 per share. The remainder will be structured as a pre-funded warrant, pending shareholder approval.

Once approved, Scilex may receive a total of up to 278.9 million shares, positioning it as a significant stakeholder in Datavault’s long-term vision. This capital infusion aims to provide the company with added flexibility to advance its AI roadmap.

Datavault AI stock has lost over 41% year-to-date and over 32% in the last 12 months. 

Also See: Comcast Names Michael Cavanagh Co-CEO

For updates and corrections, email newsroom[at]stocktwits[dot]com.

Share

·

Add us on