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Tom’s Hardware
Tom’s Hardware
Technology
Etiido Uko

Palantir co-founder Peter Thiel backs $140M wave-powered AI data center startup — Panthalassa aims to run offshore compute nodes using ocean energy

Peter Thiel Palantir Ocean Electricity
Pathanlassa floating data center.

An official press release yesterday confirmed a $140 million investment to power AI data centers at sea. The funding goes to Pathanlassa — a renewable energy and ocean technology company — and was raised in a Series B financing led by avid investor and former PayPal CEO and Palantir co-founder Peter Thiel, alongside several other investors.

The Portland-based start-up said it would use the funding to complete its pilot manufacturing facility in Oregon for its Ocean-3 series nodes — an autonomous platform that will house and power data centers for AI inference computing at sea, using electricity generated from ocean waves.

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