NetworkOcean Analysis: $500K Raised
What is NetworkOcean?
NetworkOcean builds underwater data centers, reducing freshwater usage and costs while enhancing latency for edge computing solutions.
Founded
2023
Revenue
$10M
Company Stage
Pre-Seed
YC Batch
S24
Product Features & Capabilities
- Underwater data centers, eliminate freshwater usage, reduce operating costs by 25%, power savings, hardware reliability, edge compute-level latency, up to 98% lower latency to the coast.
How much NetworkOcean raised
Pre-Seed - $500,000
September 25, 2024Lead Investor: Pioneer Fund, Y Combinator
Investors
- Y Combinator
- Pioneer Fund
- Climate Capital
- Pareto Holdings
- Refactor Capital
- BullMont Capital
Company Pricing
- Building a data center costs $10-20 million per MW of power capacity.
- Approximately 2/3 of this cost is attributed to land, building, and cooling infrastructure.
