- The transaction values Mobilewalla at a $250 million pre-money valuation
- Mobilewalla’s platform delivers purpose-built vertical AI solutions for operationally critical problems across the telecom and fintech industries
- The company generates $13.9 million in Annual Recurring Revenue (“ARR”) as of April 30, 2026 across three proven products: the Mobilewalla Data Platform, Market Flow, and LendBetter
- Agentic AI product, Telescope, in pilot at a F50 telecom company
- Global customer base with over 200 businesses across a variety of industries with a focus on telecom and financial services
- The transaction is expected to close in the second half of 2026
Mobilewalla, a leading provider of data and vertical agentic AI solutions, and SPACSphere Acquisition Corp. (NASDAQ: SSAC), a publicly traded special purpose acquisition company, today announced they have entered into a definitive business combination agreement through which Mobilewalla will become a publicly listed company.
Mobilewalla was founded in 2012 by Dr. Anindya Datta. Since its founding, Mobilewalla has been focused on building a proprietary, exabyte-scale, research grade consumer data platform which provides high quality, privacy compliant data that is optimized to power vertical agentic AI solutions across multiple consumer facing industries.
“I am excited to partner with Bala and his team to help accelerate Mobilwalla’s proven vertical AI solutions across our current consumer facing markets, with an opportunity to accelerate our entrance into new markets, all of which we anticipate will benefit greatly from our approach,” said Dr. Anindya Datta, CEO of Mobilewalla. “We believe vertical agentic AI is the next frontier in the evolution of AI and solves industry challenges that horizontal AI cannot support.”
The company currently offers three vertical-specific products as part of their platform that drives actionable results across telecom, financial services and the marketing and advertising sectors. Mobilewalla’s current platform has been utilized globally by clients within its core verticals, and the company sees an opportunity to target a TAM of over $115 billion with a repeatable playbook into adjacent vertical markets.
Mobilewalla Data Platform includes:
- Feature Mart — a curated library of hundreds of pre-built, privacy-compliant data features and attributes engineered from Mobilewalla’s global data assets and designed to improve the accuracy and convergence speed of predictive models used in customer analytics, risk scoring, and churn prediction.
- Data Enrichment — an enterprise service that augments first-party data sets with additional consumer attributes such as behavioral trends, device-level information, and demographic signals enabling organizations to build a more complete view of their customers while maintaining compliance with applicable data-protection regulations.
- Audience Segments — pre-packaged or custom audience groups derived from thousands of behavioral and demographic attributes. These segments support digital marketing, personalization, and audience-targeting initiatives across advertising and communications platforms.
Vertical AI Solutions
- Market Flow (Telecommunications) — a competitive-intelligence and analytics suite for broadband and telecom providers. Market Flow helps operators measure market share shifts, assess customer churn and acquisition dynamics, and benchmark network performance relative to peers.
- Telescope (Telecommunications) – an agentic AI solution integrating data from multiple sources and employing an agentic framework to cost effectively and efficiently deliver mission critical insights by incorporating data from a variety of sources, core AI techniques and an understanding of industry nuances. Telescope combines Mobilewalla’s proprietary data with natural-language access and autonomous agents, allowing telecom clients to ask highly specific competitive and operational questions that generic AI tools cannot answer
- LendBetter (Emerging Market Financial Services & Fintech) — a data and analytics product tailored for lenders, enabling credit-risk modeling, identification of “new-to-credit” customers, fraud prevention, and portfolio optimization.
“We feel fortunate to partner with Anindya and the Mobilewalla team at this stage in Mobilewalla’s development, as they seek to expand into their large market opportunity for vertical agentic AI solutions that leverage their proprietary consumer data set,” said Bala Padmakumar, Chief Executive Officer and Chairman of SPACSphere Acquisition Corp. “We believe that the team is well positioned to deliver long term value for shareholders.”
Key Investment Highlights
- A proven platform built on 14 years of R&D investment, with three usage-based solutions in the market today generating $13.9 million of ARR as of April 30, 2026.
- Attractive financial profile with 94% gross retention, 96% monthly recurring revenue mix, scalable gross margin profile and a clear path to near-term EBITDA breakeven.
- Proprietary Data Platform built on over 11 years of longitudinal signals is the foundation of a structural competitive data moat. The company has amassed a 400 PB data lake with over 5,000 consumer attributes and 250 predefined, predictive features.
- Transformative M&A Pipeline with over $40 million of net new ARR in potential targets.
- Multi-vector growth strategy driven by both organic expansion and M&A opportunities with clear near term catalysts.
- Founder-Led with Aligned Incentives. Dr. Datta has majority ownership in Mobilewalla and existing stakeholders are rolling 100% of their equity into the combined entity.
Transaction Overview
The proposed business combination ascribes a pre-money equity value of $250 million to Mobilewalla. The combined company is expected to receive approximately $172.5 million of cash held in SSAC’s trust account at closing, assuming no redemptions of existing SSAC shares and based on trust value per share as of March 13, 2026.
Parties anticipate that certain institutional investors affiliated with Mobilewalla will commit $10 million to support the transaction.
The boards of directors of both Mobilewalla and SSAC have unanimously approved the proposed business combination, which is expected to close in the second half of 2026, subject to approval by SSAC and Mobilewalla stockholders and the satisfaction or waiver of customary closing conditions. Upon the closing of the proposed business combination, the combined company will be named Mobilewalla, Inc., and its common stock and public warrants are expected to be listed on a US national exchange subject to approval by the relevant exchange.
For a summary of the material terms of the transaction, as well as a copy of the business combination agreement and investor presentation, please see the Current Report on Form 8-K to be filed by SSAC with the U.S. Securities and Exchange Commission (the “SEC”) available at www.sec.gov. Additional information about the proposed business combination will be described in the registration statement on Form S-4 relating to the transaction (the “Registration Statement”), which SSAC and Mobilewalla will file with the SEC.
Advisors
D. Boral Capital LLC (“D. Boral”) is acting as Financial and Capital Markets advisors to SSAC. Norton Rose Fulbright US LLP is serving as legal advisor to SSAC. Lucosky Brookman LLP is serving as legal advisor to Mobilewalla. The Blueshirt Group is serving as investor relations advisors to Mobilewalla.
Investor Presentation
Mobilewalla and SSAC will furnish the SEC with an investor presentation that describes the Mobilewalla business. To view the presentation, please visit the Mobilewalla Investor Relations website at www.mobilewalla.com/investorrelations.
For Investor Relations, including a copy of the presentation as filed with the SEC, please visit the Mobilewalla website at www.mobilewalla.com/investorrelations or the SEC’s website at www.sec.gov.
About Mobilewalla
Mobilewalla is a data and artificial intelligence (“AI”) company with a proprietary consumer data AI platform built on over a decade of longitudinal behavioral signals spanning 2 billion devices across 40+ countries. The company’s purpose-built technology stack ingests 50 terabytes of data daily and transforms it into predictive intelligence products and vertical agentic AI solutions for the telecommunications, financial services, and consumer data industries. Mobilewalla serves blue-chip enterprise clients in North America and Asia empowering these businesses to gain a granular understanding of consumer behavior, better understand customer needs and preferences and make strategic decisions based on a deep understanding of market trends and influences through Mobilewalla’s cutting-edge data and resulting insights.
About SPACSphere Acquisition Corp
SPACSphere Acquisition Corp. (NASDAQ: SSAC) is a special purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination.
