Brand Engagement Network Secures $2.05 Million AI Licensing Deal in Africa

Reuters01-21
Brand Engagement Network Secures $2.05 Million AI Licensing Deal in Africa

Brand Engagement Network Inc. (Nasdaq: BNAI) announced the finalization of a strategic partnership with Valio Technologies (Pty) Ltd to establish an exclusive AI licensing framework for government and commercial markets across Africa. The agreement includes a $2.05 million preferred equity contribution from a newly formed South Africa-based entity to Brand Engagement Network, recognized as intellectual property licensing revenue. Terms of the deal include 25% common equity ownership in the new entity, one board seat, a 35% revenue share across software, SaaS, services, and subscription offerings, and an exclusive license for both government and private-sector markets in Africa. The partnership also features a memorandum of understanding with Nelson Mandela University for an institution-approved pilot deployment of AI technology aimed at enhancing student wellbeing.

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