# Panthalassa 140M Round Oregon-based [[Panthalassa]] raised $140M in May 2026 led by [[Peter Thiel]] for wave-powered ocean data centers paired with onsite AI compute. The funding pushes Panthalassa's valuation close to $1B and allows the startup to complete its pilot manufacturing facility near Portland. ## Significance Niche thesis but representative of Thiel's energy + AI + sovereign-infrastructure pattern. Ocean-based data centers sidestep land use, grid permitting, and water-cooling constraints while paralleling broader Thiel-orbit bets on physical-world AI infrastructure independent of incumbent utilities. ## See Also - [[Panthalassa]] - [[Peter Thiel]] - [[Founders Fund]]