Portland-based startup Panthalassa has received $140 million investment to support its development of floating data centers powered by wave energy and cooled by seawater.
The funding round, which will support continued development of prototype devices and development of a pilot manufacturing facility in Vancouver, values the company at $1 billion. It was led by billionaire Peter Thiel and includes a number of other prominent investors such as Michael Doerr, Salesforce CEO Marc Benioff’s TIME Ventures, and Paypal co-founder Max Levchin’s SciFi Ventures.
Local investor Portland Seed Fund also participated, according to a news release…