Mobilewalla, a leading provider of data and vertical agentic AI solutions, and SPACSphere Acquisition Corp., 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.
Transaction values Mobilewalla at $250 million pre-money valuation.
Company generates $13.9 million in ARR as of April 30, 2026.
94% gross retention, 96% monthly recurring revenue mix.
Proprietary data platform includes 400 PB data lake with over 5,000 consumer attributes.
Products: Mobilewalla Data Platform, Market Flow (Telecommunications), LendBetter (Fintech), and Telescope (agentic AI in pilot at Fortune 50 telecom).
Over 200 businesses globally across telecom and financial services.
"I am excited to partner with Bala and his team to help accelerate Mobilewalla'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.
Feature Mart — a curated library of hundreds of pre-built, privacy-compliant data features and attributes engineered from Mobilewalla's global data assets.
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.
Audience Segments — pre-packaged or custom audience groups derived from thousands of behavioral and demographic attributes.
Market Flow (Telecommunications) — a competitive-intelligence and analytics suite for broadband and telecom providers to measure market share shifts, assess customer churn and acquisition dynamics, and benchmark network performance.
Telescope (Telecommunications) – an agentic AI solution integrating data from multiple sources to deliver mission critical insights, allowing telecom clients to ask highly specific competitive and operational questions.
LendBetter (Emerging Market Financial Services & Fintech) — a data and analytics product 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; Attractive financial profile with 94% gross retention, 96% monthly recurring revenue mix; Proprietary Data Platform built on over 11 years of longitudinal signals with a 400 PB data lake; 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; Founder-Led with aligned incentives.
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. 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 closing, 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.
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.
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