Panthalassa, a Portland-based startup, has raised $140 million in Series B funding at a valuation near $1 billion. The …
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Panthalassa, a Portland-based startup, has raised $140 million in Series B funding at a valuation near $1 billion. The company is developing floating, wave-powered platforms that run AI inference workloads at sea. Each 85-meter lollipop-shaped node features a buoyant spherical head atop a long submerged tube, with no engines, hinges, or gearboxes that could fail in harsh ocean conditions. As waves pass, the node bobs up and down, driving oscillating flow through internal turbines to generate…
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