Panthalassa

Private

Portland, Oregon public-benefit corporation building floating, ocean-powered AI data centers. Wave-energy buoys with onboard AI compute, seawater-cooled, transmitting via LEO satellites. Pilot Ocean-3 nodes deploying in the northern Pacific in 2026.

Founders Garth Sheldon-Coulson, Brian Moffat
CEO Garth Sheldon-Coulson

Company

Founded
2016
Headquarters
Portland, United States

Financials

Total Funding
$140M
Last Valuation
$1.0B
Sectors
Artificial Intelligence Climate Tech Cloud Computing Hardware
panthalassa.com

Funding History

1 round
Series B May 5, 2026
$140M
Valuation: $1.0B
Founders Fund (Lead) NEA TIME Ventures SciFi Ventures Susquehanna Sustainable Investments Hanwha Group Anthony Pratt Fortescue Ventures Future Positive WTI Nimble Partners Super Micro Computer Sozo Ventures Dylan Field Planetary VC Leblon Capital Resilience Reserve Portland Seed Fund Intrepid Oregon Fund Gigascale Capital Lowercarbon Capital Unless WovenEarth

Funding data is compiled from multiple independent sources including company announcements, press coverage, and regulatory filings. While we strive for accuracy, amounts and dates may reflect reported figures at time of announcement.