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)

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Panthalassa is raising $225M at a $2B valuation to build wave-powered ocean data centers for compute infrastructure.

Categories: Money & Moves

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<a href="https://www.theinformation.com/articles/ocean-powered-data-center-startup-set-double-valuation-2-billion"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260806/i39.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260806/p39#a260806p39" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Julia Hornstein / <a href="https://www.theinformation.com/">The Information</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.theinformation.com/articles/ocean-powered-data-center-startup-set-double-valuation-2-billion">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</a></b></span>&nbsp; &mdash;&nbsp; AI data centers need boatloads of power, a need that's set off a flood of investment into startups harnessing nuclear or solar energy to run the servers.</p>