Panthalassa raises $140M for wave-powered ocean AI data centers

Peter Thiel-backed startup Panthalassa secured $140 million in Series B funding to develop floating, wave-powered AI data centers. The autonomous ocean nodes generate electricity from waves, use seawater for cooling, and transmit AI inference results via satellite. This innovative approach addresses critical constraints in land-based AI infrastructure including power availability, cooling, and permitting, potentially enabling massive new compute capacity.