Datavault AI Inc (NASDAQ:DVLT) surged 21.1% in premarket trading Monday following news of a multi-million-dollar resource commitment from IBM (NYSE:IBM) to support the growth of Datavault’s AI-driven data platform.
The collaboration will provide Datavault with access to IBM’s engineering expertise, technical sales teams, and quantum computing capabilities, helping accelerate both product innovation and market expansion. IBM will assist in integrating features from watsonx.ai and watsonx.governance into Datavault’s platform, which focuses on data authentication, security, and monetization.
“Bringing our resources to support Datavault’s mission will help drive the data monetization of which companies of all sizes can take advantage,” said Biz Dziarmaga, Head of Americas AI Partnerships at IBM. “Leveraging IBM’s platforms with Datavault’s innovations presents a compelling value proposition to customers worldwide.”
The partnership is timed strategically, as generative AI is expected to contribute between $2.6 trillion and $4.4 trillion in annual revenue across major business applications, according to McKinsey & Company.
Datavault AI’s platform is designed to turn data into verifiable, tradable assets across industries ranging from biotechnology to luxury goods. Recently, the company strengthened its financial position with a $150 million strategic investment from Scilex Holding Company, supporting further development of its data exchanges and technology infrastructure.
Datavault CEO Nathaniel T. Bradley emphasized that the IBM partnership “positions Datavault AI as the preeminent leader in valuing and scoring data assets on behalf of our customers through our patented platform.”
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