The Relationship
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.
The Company
People
01Garth Sheldon-Coulson
Co-Founder & Chief Executive Officer
02Brian Moffat
Co-Founder & Chief Innovation Officer
03Peter Thiel
Lead Investor, Series B
Recent Coverage

Data Centers at Sea: Panthalassa Nets $140M Led by Peter Thiel for Wave-Powered AI
May 4, 2026
Funding, Series B

Forget Elon’s Data Centers in Space. This Startup Wants to Float Them at Sea
June 15, 2026
Press, Feature

Panthalassa Raises $140 Million to Power AI at Sea
May 4, 2026
Press Release, Funding