What is Panthalassa?
Panthalassa is dedicated to harnessing the power of Earth's oceans for sustainable energy generation and advanced computing. The company's innovative self-propelled nodes capture wave energy, converting it into clean electricity and powering onboard AI computations. Data from these operations is then transmitted via low-Earth-orbit satellites. Headquartered in Portland, Oregon, Panthalassa operates as a public benefit corporation, signaling a strong commitment to environmental stewardship and technological advancement in the clean energy sector.
How much funding has Panthalassa raised?
Panthalassa has raised a total of $140M across 1 funding round:
Series B
$140M
Series B (2026): $140M with participation from Sozo Ventures, Gigascale Capital, Nimble Partners, Portland Seed Fund, WovenEarth Ventures, SuperMicro, Founders Fund, and Lowercarbon Capital
Key Investors in Panthalassa
Sozo Ventures
Sozo Ventures is an expansion-stage VC firm focused on connecting ambitious entrepreneurial teams with advanced customers globally, investing in category leaders across AI/IoT, enterprise cloud, and other emerging sectors.
Gigascale Capital
Gigascale Capital invests in deep tech companies crucial for climate impact, focusing on early-stage and R&D-driven ventures that address real-world challenges and drive climate solutions.
Nimble Partners
Nimble Partners is a multi-stage VC firm providing funding from seed to pre-IPO, leveraging decades of experience to offer insights and access across the lifecycle of private technology companies.
What's next for Panthalassa?
The substantial enterprise-level funding Panthalassa has attracted indicates a significant scaling phase for the company. This capital infusion is expected to accelerate the development and deployment of its ocean energy capture technology, further solidifying its position in the burgeoning cleantech market. The strategic backing from prominent investors suggests a clear path toward commercialization and expansion, aiming to unlock the vast energy potential of the oceans and contribute to a sustainable future.
See full Panthalassa company page
