Mobilewalla, a data and vertical agentic artificial intelligence company, has agreed to go public through a business combination with SPACSphere Acquisition Corp., a Nasdaq-listed special purpose acquisition company. The proposed transaction assigns Mobilewalla a pre-money equity valuation of $250 million and is expected to close in the second half of 2026, subject to shareholder approvals and customary closing conditions. Upon completion, the combined company is expected to operate as Mobilewalla, Inc. and seek a listing of its common stock and public warrants on a U.S. national exchange.
Deal Structure and Market Position
The transaction could provide Mobilewalla with approximately $172.5 million in cash from SPACSphere’s trust account, assuming no redemptions by existing shareholders and based on trust value as of March 13, 2026. Mobilewalla also expects certain institutional investors affiliated with the company to commit $10 million in support of the deal. The boards of both companies have unanimously approved the proposed combination, marking a significant step in Mobilewalla’s transition from a private data intelligence provider to a publicly traded enterprise technology company.
Mobilewalla’s AI and Data Platform
Founded in 2012 by Dr. Anindya Datta, Mobilewalla has built a proprietary consumer data platform designed to support vertical AI applications in consumer-facing industries. The company says its platform is powered by more than a decade of behavioral signals, spans 2 billion devices across more than 40 countries, and processes around 50 terabytes of data daily. Its technology is aimed at helping enterprises better understand consumer behavior, improve predictive analytics, and make decisions based on market-level intelligence.
Products Serving Telecom and Financial Services
Mobilewalla currently offers three main commercial products: the Mobilewalla Data Platform, Market Flow, and LendBetter, which together generated $13.9 million in annual recurring revenue as of April 30, 2026. The Mobilewalla Data Platform includes data enrichment, audience segmentation, and pre-built predictive features designed to help companies improve customer analytics, risk assessment, churn prediction, and marketing performance. Market Flow serves telecom and broadband operators with competitive intelligence, while LendBetter supports emerging-market lenders with credit-risk modeling, fraud detection, and identification of new-to-credit consumers.
Expansion Into Agentic AI
A key part of Mobilewalla’s growth strategy is Telescope, an agentic AI product currently in pilot with a Fortune 50 telecom company. Telescope combines Mobilewalla’s proprietary data assets with autonomous AI agents and natural-language querying, allowing telecom clients to explore complex operational and competitive questions. The company argues that vertical agentic AI can address specialized industry problems more effectively than broad horizontal AI systems, particularly where domain knowledge and proprietary data are central to performance.
Investment Case and Growth Strategy
Mobilewalla is positioning itself around a large addressable market, citing an opportunity of more than $115 billion across current and adjacent verticals. The company highlights 94% gross retention, a high mix of monthly recurring revenue, scalable margins, and a pathway toward near-term EBITDA breakeven as part of its financial profile. It also points to a potential mergers-and-acquisitions pipeline representing more than $40 million in net new annual recurring revenue, alongside organic expansion across telecom, fintech, marketing, and related sectors.
Leadership and Advisory Support
Dr. Datta, Mobilewalla’s founder and chief executive officer, will remain central to the company’s strategy as it moves toward the public markets. Existing Mobilewalla stakeholders are expected to roll 100% of their equity into the combined entity, which the company presents as evidence of long-term alignment with future shareholders. D. Boral Capital is advising SPACSphere on financial and capital markets matters, while Norton Rose Fulbright US LLP is serving as SPACSphere’s legal counsel and Lucosky Brookman LLP is advising Mobilewalla.
The planned combination with SPACSphere gives Mobilewalla an opportunity to access public-market capital while expanding its data-driven vertical AI offerings. For investors and industry observers, the deal underscores continued demand for AI companies that combine proprietary data, sector-specific products, and recurring enterprise revenue. The transaction remains subject to regulatory filings, shareholder votes, and closing conditions, but it could position Mobilewalla as a public competitor in the growing market for vertical agentic AI solutions.