Datavault AI Plans $94.5 Million CyberCatch Buy to Shield Organizations Against AI Attacks
Datavault AI plans to add artificial intelligence-driven, quantum-resistant cyber risk mitigation to its Data Vault Artificial Intelligence Platform (AIP) by acquiring cybersecurity company CyberCatch for $94.5 million, according to a Friday (Aug. 14) press release. The proposed transaction will also bring CyberCatch’s AI-enabled continuous compliance and cyber risk mitigation platform into…
Datavault AI is set to boost its Data Vault Artificial Intelligence Platform (AIP) with a $94.5 million acquisition of cybersecurity firm CyberCatch, as announced in a Friday press release. The acquisition will incorporate CyberCatch's AI-enabled continuous compliance and cyber risk mitigation platform into Datavault AI's Quantum Private Network (QPN) GPU ecosystem.
This strategic move aims to tackle AI-driven cyber threats and prepare for the post-quantum security era. The deal, subject to regulatory approvals, will see CyberCatch become a subsidiary of Datavault AI. Nathaniel T. Bradley, Datavault AI's CEO, emphasized that CyberCatch's platform will provide real-time risk and compliance signals for Datavault AI's edge fleet.
Meanwhile, IBM highlighted a 21% surge in organizations planning to increase security spending due to growing awareness of advanced AI cybersecurity capabilities.
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