business
Forget Space Data Centers, This Peter Thiel-Backed Start Up Raised Millions To Fuel Ocean-Powered Compute System
Key takeaways
- Led by Thiel, the funding round witnessed participation from a mix of new and returning investors such as John Doerr, Marc Benioff's TIME Ventures, Max Levchin's Sci Fi Ventures, and Founders Fund.
- Here are the 5 hires founders most often misjudge — and why
- These 50 Must-Know Terms Can Help You Catch Up Fast
Forget Space Data Centers, This Peter Thiel-Backed Start Up Raised Millions To Fuel Ocean-Powered Compute System Namrata Sen Wed, May 6, 2026 at 5:46 PM GMT+7 2 min read A Peter Thiel-backed startup, Panthalassa, has secured $140 million in a funding round aimed at propelling its AI-powered sea technology.
Led by Thiel, the funding round witnessed participation from a mix of new and returning investors such as John Doerr, Marc Benioff's TIME Ventures, Max Levchin's Sci Fi Ventures, and Founders Fund. The funds will be channeled towards the completion of Panthalassa’s pilot manufacturing facility near Portland.
A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why
Article preview — originally published by Yahoo Finance. Full story at the source.
Read full story on Yahoo Finance →
More top stories
Aggregated and edited by the Scoop newsroom. We surface news from Yahoo Finance alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop