Panthalassa logo
AI/ML
Climate/Energy

Panthalassa

Wave-powered AI computing at sea

Portland· 33 rolesUnited States· 2 rolesVancouver· 2 roles

CORE INFO

$140M
Total Funding
Series B
Round
2016
Founded
Portland, Oregon, USA
Headquarters

Panthalassa develops autonomous, wave-powered computing systems designed for AI inference tasks at sea, primarily serving the renewable energy and artificial intelligence sectors.

  • Panthalassa raised $140 million in a Series B funding round led by Peter Thiel, with participation from notable investors like John Doerr and Marc Benioff's TIME Ventures.prnewswire.com
  • Forbes highlighted Panthalassa's innovative approach to building floating data centers powered by wave energy.forbes.com

WHY WE WOULD WORK AT PANTHALASSA

Sustainable Innovation

Join a mission-driven culture focused on harnessing ocean wave energy for AI computing, reducing reliance on traditional power grids.

Cutting-Edge Technology

Work with autonomous floating platforms that power AI hardware cooled by seawater, pushing the boundaries of offshore computing.

Diverse Team Environment

Collaborate with professionals from aerospace, software development, and naval architecture, fostering a rich exchange of ideas.

Strong Funding Backing

Benefit from substantial financial support, including $140 million in Series B funding led by notable investors like Peter Thiel.

Impactful Solutions

Contribute to groundbreaking projects like the Ocean-3 series, set to revolutionize AI inference tasks at sea by 2026.

Global Reach

Be part of a company poised to serve the renewable energy and AI sectors, making a significant impact on global sustainability.

MARKET AND TRACTION

TOTAL ADDRESSABLE MARKET

  • Panthalassa operates within the renewable energy and artificial intelligence sectors, which are rapidly growing industries.

  • The demand for sustainable computing solutions is increasing as organizations seek to reduce their carbon footprint and energy costs.
  • KEY METRICS

    ✦ KEY METRIC
  • Total funding raised to date is $140 million, with the most recent Series B round announced in May 2026.

  • The company plans to deploy its Ocean-3 series in the northern Pacific by 2026, with commercial operations expected to begin in 2027.
  • GROWTH TACTICS

  • Panthalassa focuses on developing autonomous, wave-powered computing systems to meet the energy demands of AI computing at sea.

  • The company emphasizes sustainability and innovation, positioning itself as a public-benefit corporation dedicated to clean energy solutions.
  • COMPETITIVE ADVANTAGE

  • Panthalassa's unique technology harnesses ocean wave energy to power AI hardware, reducing reliance on traditional power grids.

  • The cooling system for their AI hardware utilizes seawater, enhancing efficiency and sustainability.
  • MARKET POSITION

  • As a pioneer in offshore computing solutions, Panthalassa is positioned to lead in the intersection of renewable energy and AI technology.

  • The company's innovative approach addresses the increasing energy demands of AI while promoting environmental sustainability.
  • PRODUCT AND TECH

    Wave-Powered Computing Nodes

    Panthalassa's autonomous floating platforms, known as 'nodes', harness ocean wave energy to generate electricity, powering onboard AI hardware. This innovative technology addresses the energy demands of AI computing while reducing reliance on traditional power grids.

    AI Inference Systems

    The onboard AI hardware is specifically designed for performing AI inference tasks at sea, enabling real-time data processing and analysis in remote oceanic environments. This capability is crucial for applications in renewable energy and environmental monitoring.

    Seawater Cooling Technology

    Panthalassa utilizes seawater to cool its AI computing hardware, enhancing efficiency and sustainability. This cooling method is vital for maintaining optimal operating temperatures in the demanding marine environment.

    Satellite Communication Integration

    The nodes are equipped with satellite communication systems, such as SpaceX's Starlink, allowing for reliable data transmission from remote ocean locations. This connectivity is essential for real-time monitoring and control of offshore computing operations.

    Ocean-3 Series Deployment

    Panthalassa plans to deploy its Ocean-3 series by 2026, marking a significant advancement in offshore computing solutions. This series aims to further enhance the company's capabilities in providing sustainable AI computing at sea.

    COMPANY CULTURE

    Values

  • Commitment to sustainability and renewable energy

  • Innovation in technology and processes

  • Emphasis on mission-driven culture

  • Valuing diverse ideas and backgrounds

  • Focus on public benefit and societal impact
  • Operating Principles

  • Harnessing ocean wave energy for computing

  • Utilizing seawater for cooling AI hardware

  • Developing autonomous systems for efficiency

  • Reducing reliance on traditional power grids

  • Prioritizing clean and low-cost energy solutions
  • Benefits

  • Contributing to environmental sustainability

  • Pioneering offshore computing solutions

  • Addressing energy demands of AI technology

  • Enhancing the future of renewable energy

  • Supporting innovation across multiple disciplines
  • Team Cadence

  • Collaborative approach across diverse teams

  • Regular brainstorming sessions for innovation

  • Agile project management for rapid development

  • Open communication channels for feedback

  • Encouragement of interdisciplinary collaboration
  • Learning & Growth

  • Opportunities for professional development

  • Encouragement of continuous learning

  • Access to cutting-edge technology and research

  • Support for innovative thinking and experimentation

  • Mentorship from experienced industry professionals
  • COMPENSATION SNAPSHOT

    C
    Comp score vs cohort
    vs. AI/ML · Series B · US
    Based on publicly available compensation ranges from job postings; exact compensation may vary.
    Engineering IC2n = 3
    $125K – $175Kmedian $150K
    Aggregate
    Engineering IC4n = 11
    $160K – $210Kmedian $185K
    Aggregate
    G&An = 4
    $120K – $175Kmedian $148K
    Aggregate
    Operationsn = 7
    $120K – $160Kmedian $140K
    Aggregate
    US-only in v1 · only categories with n > 2 shown · in-person / hybrid / remote treated separately where n ≥ 3

    HIRING SIGNAL

    39
    Open roles on their careers page
    Snapshot via live ATS poll
    —
    Net new roles in the last 90 days
    Available once weekly history accrues
    90-Day VelocityV2 · BACKFILL
    Trend builds weekly as historical rows accrue
    By Function
    Breakdown of open roles
    Other · 2
    Design · 5
    G&A · 3
    Marketing · 1
    Operations · 13
    Engineering · 15
    Top Locations
    Where hiring is concentrated
    Remote-eligible postings counted separately
    Portland, OR
    33
    United States
    2
    Vancouver, WA
    1
    Vancouver, WA
    1
    Portland, OR/ Hybrid
    1
    Portland, OR / Hybrid
    1
    SourcesGreenhouseLeverAshbyWorkableSmartRecruitersRipplingRecruiteeFallback · Wellfound, YC Work-at-a-Startup, careers-page scrape

    KEY COMPANY ANNOUNCEMENTS

    Filter
    13 announcements · ranked by importance
    May 14, 2026FUNDINGPeter Thiel is leading investment in a reportedly $1 billion wave-powered ocean data center projectfortune.com
    May 4, 2026FUNDINGPanthalassa Raises $140 Million to Power AI at Seaprnewswire.com
    Apr 5, 2026FUNDINGUS ocean energy startup Panthalassa raises US$140m to power AI computing from ocean wavesbusinessenergyawards.ie
    Aug 13, 2026FUNDING네이버, 파력 발전 기반 AI 데이터센터 개발 기업 ‘판탈라사’ 투자 l NAVER Corp.navercorp.com
    Jun 1, 2026FUNDINGBacking Founders Rebuilding the Physical Economy - Gigascale Capitalgigascale.com
    May 4, 2026FUNDINGPanthalassa Raises $140 Million to Power AI at Seastreetinsider.com
    Apr 15, 2026INTERVIEWThe Very Wild, Very Real Plan To Build AI Data Centers In The Ocean - EP 65 Garth Sheldon-Coulsoncorememory.com
    Jul 15, 2024FOUNDER PROFILEPanthalassa — Company profile — Silicon Valley Investclubsiliconvalleyinvestclub.com
    Jan 1, 2023FUNDINGPanthalassa Stock Price, Funding, Valuation, Revenue & Financial Statementscbinsights.com
    Apr 19, 2026PRESSUsing the ocean to power data centerscbsnews.com
    Jan 1, 2026PRESSAre Thiel-funded floating data centers enough to make wave energy pencil?latitudemedia.com
    Jul 29, 2025PRESSPanthalassa: Harnessing Ocean Power at Terawatt Scalegigascale.com
    Jul 14, 2024PRESSPanthalassa – Energy for Everyonepanthalassa.com