Sources: Panthalassa, which aims to power data centers in the ocean using energy generated by waves, is raising $225M at a ~$2B valuation, up from $1B in May (Julia Hornstein/The Information)
Panthalassa is seeking fresh capital at roughly double its May valuation.
The Information says the ocean-energy data center startup is raising $225 million at about a $2 billion valuation. The company aims to power data centers at sea using wave-generated energy. The note frames the new round against a prior valuation of $1 billion in May. Techmeme's note
The Information says the ocean-energy data center startup is raising $225 million at about a $2 billion valuation. The company aims to power data centers at sea using wave-generated energy. The note frames the new round against a prior valuation of $1 billion in May. Techmeme's note
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