Bond.az -- Datavault AI has signed over $800 million in tokenization contracts and secured $120 million in non-dilutive funding to accelerate its quantum-ready edge computing platform.
The Philadelphia-based firm, trading on the Nasdaq under DVLT, reported first-quarter 2026 revenue of $3.4 million, a 443% year-over-year increase, and reiterated its full-year target of at least $200 million, representing roughly 400% growth.
Gross profit for the quarter ended March 31, 2026, was $0.1 million.
Nearly $100 million in fees from tokenization contracts are expected to be recognized in 2026.
The $120 million funding, structured as a cash contribution and revenue participation agreement with Scilex Holding Company, will deploy Datavault AI's SanQtum AI infrastructure across an estimated 100 U.S. cities, supporting a planned fleet of approximately 48,000 GPUs.
The company launched its first GPU edge network sites in New York and Philadelphia in April through a partnership with Available Infrastructure. A $60 million registered direct offering has also strengthened the balance sheet, bringing working capital to approximately $140 million.
CEO Nathaniel Bradley said the company is not simply participating in the evolution of AI and tokenized economies but providing foundational infrastructure to power them.
In May, the company announced a binding letter of intent to acquire CyberCatch Holdings, integrating AI-driven cybersecurity and quantum-resistant capabilities. A $150 million GoldVault tokenization program backed by King Mining Capital's gold resources was also announced in April.
Chairman and CFO Brett Moyer said the $120 million funding validates the long-term strategic vision behind SanQtum.
