Portalerp Datavault AI Acquires CyberCatch for $94.5 Million
Article Content
- •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.
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.
Ask AI about this cluster
Answers cite the sources they use
Timeline
More articles in this cluster (3)
Continue Reading
CVE-2015-3306 Exploited in ProFTPD FTP Servers CVE-2015-3306, a vulnerability in ProFTPD 1.3.5, allows remote attackers to read and write arbitrary files using the SITE CPFR and SITE CPTO commands. This exploit can lead to unauthorized access and potential remote code execution, as the commands are executed with the privileges of the ProFTPD service. Active… 
CISA Mandates Urgent Patching of Five Critical Flaws Exploited by Flax Typhoon The U.S. Cybersecurity and Infrastructure Security Agency (CISA) has ordered federal agencies to patch five critical vulnerabilities by October 11, 2026, following exploitation by the China-linked hacking group Flax Typhoon. The vulnerabilities, added to CISA's Known Exploited Vulnerabilities (KEV) catalog, include…