Datavault jumps as IBM commits resources for platform growth

[IBM Canada Head Office Building in Markham near Toronto, Ontario.]
JHVEPhoto

Datavault AI (NASDAQ:DVLT [https://seekingalpha.com/symbol/DVLT]) shares surged around 15% premarket on Monday, with IBM (NYSE:IBM [https://seekingalpha.com/symbol/IBM]) announcing a multimillion-dollar commitment [https://seekingalpha.com/pr/20246726-ibm-commits-to-invest-20000-hours-an-expected-investment-value-of-5000-000-of-solution] of resources to support its platform growth.

IBM has said it will invest 20,000 engineering, technical sales and quantum computing hours, with an expected enterprise value of $5M, to support Datavault AI’s platform build and go-to-market initiatives.

Datavault expects IBM’s resources to help accelerate its product roadmap, integrate capabilities from IBM’s Watson AI platform and scale adoption across enterprise and institutional markets.

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