Lone Gull Holdings (dba Panthalassa) has developed a new approach to data center infrastructure, leveraging the untapped energy potential of the ocean. The company’s deep-sea hydroelectric power generation system is designed to capture energy at extreme scale to power compute payloads located on the vessel.
Location: United States
Employees: 51-200
Total raised: $365M
Investors 4
| Date | Name | Website |
| 13.11.2025 | Western Te... | westerntec... |
| 01.04.2024 | MUUS Clima... | muusclimat... |
| 02.09.2026 | Sadık Vent... | sadik.vc |
| 16.05.2025 | MUUS Clima... | muus.com |
Funding Rounds 2
| Date | Series | Amount | Investors |
| 06.08.2026 | - | $225M | - |
| 13.05.2026 | Series B | $140M | - |
Mentions in press and media 9
| Date | Title | Description |
| 21.08.2026 | Commerce awards $1 million to encourage innovative business and manufacturing expansion | OLYMPIA, Wash. – The Washington State Department of Commerce announced $1 million in grant funding to seven businesses and organizations to accelerate manufacturing expansion, creating workforce development and economic opportunities across... |
| 06.08.2026 | Ocean-powered AI data center startup Panthalassa is reportedly raising $225M at nearly $2 billion valuation | AI’s growing appetite for electricity has sent tech companies searching for energy almost everywhere. Panthalassa thinks one answer is sitting in plain sight: the ocean. The Portland, Oregon-based startup is reportedly raising about $225 mi... |
| 13.05.2026 | Ocean's Power Unleashed: Panthalassa Charts New Course for AI Computing | Panthalassa has raised $140 million in Series B funding, led by Peter Thiel. The company is revolutionizing AI computing with autonomous ocean data centers. These floating nodes harness immense ocean wave energy, powering critical AI infere... |
| 13.05.2026 | Panthalassa Inks $140M Series B Financing | PORTLAND, OR, Panthalassa, a renewable energy and ocean technology company, announced $140 million in Series B financing led by Peter Thiel. >> Click here for more funding data on Panthalassa >> To export Panthalassa funding da... |
| 08.05.2026 | Стартап с бывшими инженерами SpaceX создаст плавучие дата-центры | Американский стартап Panthalassa привлек $140 млн от Питера Тиля — сооснователя PayPal и Palantir Technologies, а также одного из первых инвесторов Facebook*. Компания разрабатывает плавучие дата-центры для ИИ, работающие на энергии океанич... |
| 05.05.2026 | Panthalassa Raises $140 Million Series B To Power AI Computing At Sea Using Ocean Wave Energy | Panthalassa, a renewable energy and ocean technology company, has raised $140 million in Series B financing led by Peter Thiel, with participation from a broad group of new and returning investors including John Doerr, Marc Benioff’s TIME V... |
| 05.05.2026 | Peter Thiel-backed Panthalassa raises $140M to build wave-powered floating AI data centers | The race to build bigger AI models is running into a hard limit: power. A single training run can burn through as much electricity as thousands of homes, and new data centers are getting stuck in years-long queues for grid access. Now one s... |
| 04.05.2026 | Panthalassa Raises $140M For Ocean AI Computing Push | Major Backing Fuels Ocean Energy Expansion Panthalassa has raised $140 million in Series B funding. Peter Thiel led the round. It attracted a wide group of global investors. These include John Doerr, TIME Ventures, SciFi Ventures, Susquehan... |
| - | Panthalassa | “We're harnessing renewable energy in the open ocean and delivering it around the world. Engineered in Portland, Oregon.” |