Panthalas
formerly PanthalassaPanthalassa | Go where the energy is
Portland, United States · Founded 2016 · $289.1M raised
- Headquarters
- Portland, Oregon
- Employees
- 51–200
- Founded
- 2016
- Business Model
- B2B
- Website
- panthalassa.com
- Total Funding
- $289.1M
- Last Round
- $140.0M Series BMay 2026
- Rounds
- 5
About
Panthalassa is a Portland, Oregon-based public-benefit corporation building a planetary-scale clean energy platform that harnesses renewable wave energy from the open ocean to power AI computing and beyond. The company deploys autonomous, self-propelled ocean nodes that capture wave energy to generate clean electricity and run AI workloads offshore, transmitting data via low-latency satellite links. This approach expands energy and AI computing capacity without requiring new land-based data centers or power plants. Backed by Palantir co-founder Peter Thiel, Panthalassa raised $140M in a Series B round in May 2026.
Summary
Panthalas is a Clean Energy company based in Portland, United States, founded in 2016. It has raised $289.1M in total across 5 rounds, most recently a $140.0M Series B round in May 2026. Investors include Peter Thiel, Founders Fund and Lowercarbon Capital.
Tech & App Stack
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Funding History
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May 2026
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Series A through Series B — per-round amounts, valuations, and who invested in each round.
Investors
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