Clean Energy & AI Infrastructure·Series B / SPV·Portfolio

The ocean, as a new frontier for power and compute.

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Panthalassa's 200-foot Ocean-2 wave-energy prototype under tow

The ocean as a new frontier for power and compute.

Panthalassa addresses two increasingly connected constraints: the rising power requirements of artificial intelligence and the limited availability of clean, continuous energy. Its autonomous offshore systems are designed to convert wave motion into electricity and use that energy to power computing infrastructure at sea. The investment reflects a high-technical-risk but asymmetric thesis that the ocean could become a new frontier for both renewable generation and distributed compute.

01Garth Sheldon-Coulson
Co-Founder & Chief Executive Officer
02Brian Moffat
Co-Founder & Chief Innovation Officer
03Peter Thiel
Lead Investor, Series B