NetworkOcean Analysis: $500K Raised
What is NetworkOcean?
NetworkOcean builds underwater data centers, reducing freshwater usage and costs while enhancing latency for edge computing solutions.
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.
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.
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
Business Model
Sells data center capacity and GPU resources to clients needing edge computing solutions.
Competitors Overview
The main competitors of NetworkOcean in the underwater data center market include:
- HiCloud: This Chinese company operates underwater data center modules commercially off the coast of Hainan Province. HiCloud claims significant energy savings and reduced land use compared to traditional data
Market Focus
NetworkOcean primarily focuses on the underwater data center industry, which involves building and operating data centers submerged in water to reduce freshwater usage and lower operating costs and latency.
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