Tech Company Financing Transactions

Panthalassa Funding Round

On 5/5/2026, Panthalassa raised $140 million in Series B funding from private investors, Fortescue Future Industries and Future Positive.

Transaction Overview

Company Name
Announced On
5/5/2026
Transaction Type
Venture Equity
Amount
$140,000,000
Round
Series B
Proceeds Purpose
The company intends to use the funds to complete its pilot manufacturing facility near Portland, Oregon, and accelerate deployment of its Ocean-3 series of nodes, which will perform AI inference computing at sea using power generated from ocean waves.

Company Information

Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
6310 South Virginia Avenue
Portland, OR 97239
USA
Phone
Undisclosed
Email Address
Overview
Panthalassa is a public-benefit corporation building a planetary-scale energy platform that's clean, sustainable, and low-cost. We are a team of builders who are driven to work on frontier technology for our home planet. We believe the best ideas can come from anywhere, regardless of title. We take the work seriously, but not ourselves. Our team comes from rocket companies, aerospace giants, research universities, naval architecture firms, software companies, metal fabricators, the armed forces, and many other small and large organizations.
Profile
Panthalassa LinkedIn Company Profile
Social Media
Panthalassa Company Twitter Account
Company News
Panthalassa News
Facebook
Panthalassa on Facebook
YouTube
Panthalassa on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Garth Sheldon-Coulson
  Garth Sheldon-Coulson LinkedIn Profile  Garth Sheldon-Coulson Twitter Account  Garth Sheldon-Coulson News  Garth Sheldon-Coulson on Facebook


 

 

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Where The Data Comes From

We do our best to report on funding rounds that are announced publicly. VC transactions reported here are sourced from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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