On Monday, it was reported that Peter Thiel was leading a $140 million Series B in an Oregon-based startup called Panthalassa, a name which means “all sea” in Greek and refers to the vast superocean that covered 70% of the Earth’s surface 250 million years ago. The company has spent years developing ocean energy technology that uses waves to power AI chips.
Each of the wave-riding “nodes” the company will produce is an 85-meter-long “lollipop” structure with a hollow sphere at the top filled with air so that the node floats. These nodes are essentially floating data centers running on Nvidia chips, with free seawater supercooling that beams inference tokens to land via LEO satellites. The company is planning a commercial rollout in 2027. If it succeeds at scale, it will simultaneously address three of the biggest challenges associated with the data center buildout: where to find the space for data centers, how to cool them as economically as possible, and how to supply them with energy.
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