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Datavault AI Acquires CyberCatch for Enhanced Cyber Risk Solutions
Datavault AI Inc. has announced a binding letter of intent to acquire CyberCatch Holdings, Inc., aiming to bolster AI-driven, quantum-resistant cyber risk mitigation. This strategic acquisition is set within the growing global information security market, projected by Gartner to hit $240 billion by 2026.
The acquisition allows Datavault AI to integrate CyberCatch's AI-enabled cyber risk mitigation solution into its SanQtum-secured ecosystem. This merger emphasizes post-quantum security, anticipating quantum-attacks possibly as early as 2029, positioning the combined entity ahead in the cybersecurity field.
Datavault shareholders will hold 92.48% of the equity, while CyberCatch shareholders will hold 7.52%. CyberCatch is to run as a subsidiary based in San Diego. Sai Huda, CyberCatch's CEO, will become President of the subsidiary.
The combination is strategically aligned with cybersecurity trends, regulatory mandates, and advancements in quantum-resistance, addressing sectors like defense, healthcare, and financial services.
R. E.
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