SECURITY Signal 415
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, a startup developing ocean-based data centers powered by wave energy, is raising $225M at a roughly $2B valuation, double its $1B valuation from May.
If wave-powered offshore data centers prove viable, they could address the growing power constraint facing land-based infrastructure, though the approach remains unproven at scale. The rapid valuation doubling suggests investor appetite for unconventional power solutions is intense, but a single feed carrying this story means corroboration is thin.
Written by elseif from the cluster below · every claim links back to a sourceThe three things worth knowing
Panthalassa proposes housing data centers in the ocean and powering them with wave-generated electricity.
The company's valuation reportedly doubled from $1B to ~$2B between May and now.
Only one feed carried this event, so independent confirmation of the raise and valuation is limited.
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