Data centers at sea: Oregon’s Panthalassa nets $140M led by Peter Thiel for wave-powered AI
- May 6
- 1 min read
GeekWire — Wave energy had largely been bobbing around in the background of the U.S. clean energy sector — until now. On Monday, Oregon-based Panthalassa announced a $140 million round led by Peter Thiel.
The new funding from the PayPal co-founder and others will allow the startup to finish building its pilot manufacturing facility near Portland. Panthalassa is developing technology that pairs wave power generated by massive floating orbs with onsite AI computing. The systems transmit data via low-Earth-orbit satellites.
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