{"id":57714,"date":"2026-05-05T10:21:11","date_gmt":"2026-05-05T10:21:11","guid":{"rendered":"https:\/\/www.europesays.com\/people\/57714\/"},"modified":"2026-05-05T10:21:11","modified_gmt":"2026-05-05T10:21:11","slug":"forget-space-data-centers-this-peter-thiel-backed-start-up-raised-millions-to-fuel-ocean-powered-compute","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/people\/57714\/","title":{"rendered":"Forget Space Data Centers, This Peter Thiel-Backed Start Up Raised Millions To Fuel Ocean-Powered Compute"},"content":{"rendered":"<p class=\"block core-block\">A Peter Thiel-backed startup,\u00a0Panthalassa, has secured $140 million in a funding round aimed at propelling its AI-powered sea technology.<\/p>\n<p class=\"block core-block\">Led by Thiel, the funding round witnessed participation from a mix of new and returning investors such as\u00a0John Doerr, Marc Benioff&#8217;s TIME\u00a0Ventures, Max Levchin&#8217;s SciFi Ventures,\u00a0and Founders Fund. The funds will be channeled towards the completion of Panthalassa\u2019s\u00a0pilot manufacturing facility near Portland.<\/p>\n<p class=\"block core-block\">Founded in 2016, Panthalassa is working on a technology that merges wave power generated by\u00a0floating orbs with onsite AI\u00a0computing. The systems transmit data\u00a0via low-Earth-orbit satellites.\u00a0The Oregon-based startup has spent nearly a decade developing technologies in power generation, propulsion, autonomous operations, and computing.<\/p>\n<p class=\"block core-block\">Its co-founder and CEO, Garth Sheldon-Coulson, said that the company has developed offshore technology to harness high-energy waves into reliable, clean power, with Ocean-3 pilots launching this year and commercial rollout planned for 2027.<\/p>\n<p class=\"block core-block\">Meanwhile, Thiel said, &#8220;Extra-terrestrial solutions are no longer science fiction. Panthalassa has opened the ocean frontier.&#8221;<\/p>\n<p>AI Race Shifts Beyond Land Limits<\/p>\n<p class=\"block core-block\">Disclaimer:\u00a0This content was partially produced with the help of AI tools and was reviewed and published by a Benzinga editor.<\/p>\n<p class=\"block core-block\">Image via Shutterstock<\/p>\n<p><a class=\"text-sm my-4\" href=\"https:\/\/www.benzinga.com\/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom\" rel=\"noreferrer nofollow noopener\" target=\"_blank\">Market News and Data brought to you by Benzinga APIs<\/a><\/p>\n<p class=\"copyright\">\u00a9 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/p>\n<p class=\"block core-block\">To add Benzinga News as your preferred source on Google, <a href=\"https:\/\/google.com\/preferences\/source?q=https%3A%2F%2Fwww.benzinga.com\" rel=\"noreferrer nofollow noopener\" target=\"_blank\">click here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"A Peter Thiel-backed startup,\u00a0Panthalassa, has secured $140 million in a funding round aimed at propelling its AI-powered sea&hellip;\n","protected":false},"author":2,"featured_media":57715,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[123],"tags":[34755,3042,1638,215,2850,218,213,212,228,3345,1515,1516,853,3064,34756,223,3892,2358],"class_list":{"0":"post-57714","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-peter-thiel","8":"tag-category-esg","9":"tag-category-financing","10":"tag-category-markets","11":"tag-category-news","12":"tag-category-startups","13":"tag-category-tech","14":"tag-cms-wordpress","15":"tag-pageisbzpro-bz","16":"tag-peter-thiel","17":"tag-symbol-amzn","18":"tag-symbol-goog","19":"tag-symbol-googl","20":"tag-symbol-meta","21":"tag-symbol-msft","22":"tag-tag-data-center","23":"tag-tag-elon-musk","24":"tag-tag-peter-thiel","25":"tag-tag-sundar-pichai"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@people\/116521473507568300","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/57714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/comments?post=57714"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/57714\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media\/57715"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media?parent=57714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/categories?post=57714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/tags?post=57714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}