Thiel-Backed Panthalassa Raises $140M for Wave-Powered AI Data Centers

Panthalassa raised $140M led by Peter Thiel to build wave-powered offshore nodes for AI inference compute, using ocean energy and free cooling. Peter Thiel led a $140M Series B for Panthalassa, a startup building wave-powered AI data centers at sea. The offshore nodes generate electricity and house compute hardware, transmitting data via satellite. Key facts $140M Series B led by Peter Thiel. Nodes generate power 24/7 from ocean waves. Free supercooling from surrounding seawater. Data transmitted via satellite, no cables needed. Pilot factory in Oregon for Ocean-3 nodes.