“ Energy from openocean waves is low-cost, sustainable, abundant and now we have the technology to make it accessible for people”
Garth Sheldon-Coulson
CEO Panthalassa
This year, the firm raised US $ 140m in a financing round led by Peter Thiel, the venture capitalist behind Palantir and PayPal. Such was the popularity of Panthalassa’ s concept, the company is now valued at close to US $ 1bn including the new capital.
As well as Thiel, the funding round also drew support from the likes of Salesforce CEO Marc Benioff, PayPal and Affirm Co-Founder Max Levchin and veteran investor John Doerr, who was an early backer of Google, Amazon, Uber and Netscape.
56 July 2026