Public Event Detail
Datavault AI and CyberCatch Announce Signing of Binding Letter of Intent for Datavault AI to Acquire CyberCatch to Accelerate AI-Driven, Quantum-Resistant Cyber Risk Mitigation Solutions
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Event summary
Datavault AI and CyberCatch have signed a binding letter of intent for Datavault AI to acquire CyberCatch in an all-stock transaction valued at approximately CAD $136.8 million. This strategic acquisition aims to combine CyberCatch's AI-enabled cyber risk mitigation solutions with Datavault AI's quantum-secured edge GPU ecosystem, addressing the growing cybersecurity market and the threat of quantum attacks. The combined entity plans to offer AI-driven, quantum-resistant cyber risk mitigation solutions, with CyberCatch operating as a San Diego-based subsidiary and its founder, Sai Huda, leading it as President.