Panthalassa
Climate · AI
Panthalassa nets $140M Series B for wave‑powered ocean AI data centers
May 31, 2026$140M · Series B
Portland-based Panthalassa raised $140M in Series B funding at a valuation near $1B to build wave-powered offshore AI data center nodes.
Lead Investors
Peter ThielFounders FundJohn DoerrTIME VenturesSciFi VenturesSusquehanna Sustainable InvestmentsHanwha Asset Management (USA)Fortescue VenturesFuture PositiveWTINimble PartnersSuper Micro ComputerSozo VenturesPlanetary VCPortland Seed FundIntrepid Oregon FundLowercarbon CapitalUnlessWovenEarth Ventures
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