Datavault AI Acquires CyberCatch for $94.5M: AI Cybersecurity Boost

Datavault AI is set to acquire CyberCatch Holdings for approximately $94.5 million in cash. This deal adds continuous cybersecurity compliance and AI-powered penetration testing to Datavault AI's existing platform. Datavault AI will purchase all outstanding CyberCatch common shares at $3.53 per share, totaling about 26.8 million shares. After the acquisition, CyberCatch is expected to become a wholly owned subsidiary and continue operations from San Diego. CyberCatch's current CEO is expected to become President of the subsidiary. What's interesting is that CyberCatch offers an AI-enabled software platform for continuous compliance and cyber risk mitigation. This system uses generative AI to assess cybersecurity controls and calculate a Cyber Hygiene Score. It also uses agentic AI to simulate threat-actor behavior and perform penetration testing. Datavault AI plans to integrate these capabilities across its technology stack. This move aims to support various data services and quantum-resistant environments. This matters because it could enhance cybersecurity and compliance for businesses, especially those in regulated industries.