Data centers at sea: Oregon’s Panthalassa nets $140M led by Peter Thiel for wave-powered AI
Oregon-based Panthalassa has raised $140 million in a funding round led by Peter Thiel to develop wave-powered AI data centers. The startup's technology pairs wave power with onsite AI computing and transmits data via low-Earth-orbit satellites.
Panthalassa, an Oregon-based startup, has secured $140 million in funding led by Peter Thiel to develop its wave-powered AI data center technology. The company will use the funds to complete its pilot manufacturing facility near Portland. Panthalassa's systems generate power using massive floating orbs and use it to run AI models onsite, while cold ocean water cools the hardware. The startup has spent nearly a decade developing its technology, including prototypes deployed in sea trials. Panthalassa plans to deploy its Ocean-3 pilot series this year and commercial systems in 2027. The funding round included participation from various investors, including John Doerr, Marc Benioff's TIME Ventures, and Max Levchin's SciFi Ventures.
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