Datavault AI Acquires CyberCatch for $94.5 Million

Datavault AI Inc. has announced its acquisition of CyberCatch Holdings in an all-cash deal valued at $94.5 million. CyberCatch specializes in AI-enabled compliance and cyber risk mitigation, and will operate as a subsidiary of Datavault AI. The acquisition involves the purchase of approximately 26.8 million common shares at $3.53 each. CyberCatch's platform utilizes generative AI to evaluate cybersecurity controls and calculate Cyber Hygiene and Breach Scores. The integration aims to enhance Datavault AI's existing technology portfolio, including compliance with various industry standards. CyberCatch's founder, Sai Huda, will lead the subsidiary, reporting directly to Datavault AI's CEO. The transaction is pending board, regulatory, and shareholder approvals. This acquisition is part of Datavault AI's strategy to bolster its cybersecurity offerings.

Key Points: • Datavault AI acquires CyberCatch for $94.5 million in cash. • CyberCatch's platform uses generative AI for compliance and risk mitigation. • The acquisition is subject to regulatory and shareholder approvals.