Mobilewalla, a provider of data-centric and vertical agentic AI solutions, announced plans to become a publicly traded company through a business combination with SPACSphere Acquisition Corp.. The 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.
Founded in 2012 by Dr. Anindya Datta, Mobilewalla has spent more than a decade building a proprietary consumer data platform designed to support vertical AI applications across industries including telecommunications, financial services, marketing, and advertising. The company says its platform combines privacy-compliant consumer data with industry-specific AI capabilities to address operational challenges that generic AI systems cannot effectively solve.
As of April 30, 2026, Mobilewalla reported $13.9 million in annual recurring revenue (ARR) generated through three core offerings: the Mobilewalla Data Platform, Market Flow, and LendBetter. The company serves more than 200 customers globally and operates across 40-plus countries.
According to Mobilewalla, its proprietary data platform includes a 400-petabyte data lake containing more than 5,000 consumer attributes and 250 predefined predictive features. The platform processes approximately 50 terabytes of data daily and is built on behavioral signals collected from more than 2 billion devices worldwide.
The company’s product portfolio includes several industry-focused solutions. Its Mobilewalla Data Platform offers data enrichment services, audience segmentation tools, and predictive modeling features. Market Flow provides competitive intelligence and analytics capabilities for telecommunications operators, helping them monitor market share, customer churn, and network performance. LendBetter is focused on financial institutions and fintech companies, supporting credit-risk modeling, fraud prevention, and customer acquisition.
Mobilewalla is also developing Telescope, an agentic AI solution for telecommunications providers. The product combines the company’s proprietary data assets with autonomous AI agents and natural-language interfaces to deliver industry-specific insights. The company said Telescope is currently being piloted by a Fortune 50 telecommunications company.
The company believes its existing technology and expansion strategy position it to pursue a total addressable market exceeding $115 billion. In addition to organic growth initiatives, Mobilewalla highlighted a potential acquisition pipeline representing more than $40 million in net new ARR opportunities.
Financially, Mobilewalla reported a 94% gross retention rate and stated that 96% of its revenue is recurring in nature. The company also indicated it has a path toward near-term EBITDA breakeven.
Under the terms of the transaction, the combined company is expected to receive approximately $172.5 million from funds held in SPACSphere’s trust account, assuming no shareholder redemptions. In addition, institutional investors affiliated with Mobilewalla are expected to contribute approximately $10 million in support of the transaction.
Following completion of the merger, the combined company will operate as Mobilewalla, Inc., and is expected to list its common stock and public warrants on a U.S. national securities exchange, subject to exchange approval.
KEY QUOTES:
“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. We believe vertical agentic AI is the next frontier in the evolution of AI and solves industry challenges that horizontal AI cannot support.”
Dr. Anindya Datta, Founder and CEO, Mobilewalla
“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. We believe that the team is well positioned to deliver long term value for shareholders.”
Bala Padmakumar, Chief Executive Officer and Chairman, SPACSphere Acquisition Corp.
