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NetworkOcean

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NetworkOcean

We build and operate underwater data centers.

networkocean.io
HQ: San Francisco, CA, USA
1-10
Industrials

Company research

Public company, workplace, funding, and market signals

Updated Jul 29, 2026

Overview

NetworkOcean is a San Francisco-based AI infrastructure startup building floating and underwater ocean data centers that use seawater cooling to lower power usage, eliminate freshwater consumption, and provide cheaper reserved GPU compute.

Primary product

Ocean-based data centers and reserved GPU compute (H100 capacity)

Founded

2023

Headquarters

San Francisco, California, United States

Team size

1-10

Industry

Technology, Information and Internet

Sub-industry

Data center infrastructure services

Offices

San Francisco, California, United States

Business model

cloud computing services
GPU compute reservations
data center infrastructure services
colocation

Funding

Stage

Pre-Seed

Total raised

$625K

Latest round

Pre-Seed · Sep 2024

Latest amount

$500K

Pre-Seed

Sep 2024 · Y Combinator

$500K

Seed

Aug 2024

$125K

People & investors

Leadership

Sam Mendel

CEO, Co-Founder

Eric Kim

CTO, Co-Founder

Investors

Climate Capital
Pareto Holdings
Pioneer Fund
Refactor Capital
Soma Capital
Transpose Platform
Y Combinator
Z Fellows

Work & culture

Builder-heavy and hardware-infrastructure focused, with a mission oriented around sustainable AI compute and ocean-based engineering.

Compensation

No public salary bands or compensation package details were found in the sourced pages; public hiring materials focus on technical/founding roles.

Product & market

Pricing

Reserved GPU compute and infrastructure services; public launch pricing listed H100 reservations at up to $2.10 per GPU per hour with a 1-week minimum.

Differentiators

  • —Uses seawater cooling to reduce power usage and eliminate freshwater consumption
  • —Builds floating and underwater data center form factors instead of conventional on-land facilities
  • —Claims lower build and operating costs than traditional data centers
  • —Claims low latency to San Francisco and other coastal markets
  • —Claims a lower hardware failure rate than traditional centers
  • —Can co-locate with offshore power sources

Technology

NVIDIA H100 GPUs
seawater cooling
floating data center barges
underwater data center capsules
high-density GPU racks
low-latency networking
virtual machines
networking
storage

Customers

AI/ML teams needing GPU compute
customers reserving H100 GPUs
colocation and build-out partners

Competitors

Equinix
DataBank
CtrlS
Subsea Cloud
Microsoft Project Natick

Scale & contact

Estimated monthly visits

1.7K

founders@networkocean.io

Signals & risks

Other
Sep 2024

Wired reported that NetworkOcean's proposed underwater data-center test in San Francisco Bay drew regulatory scrutiny, with questions raised about permits and environmental impact.

Source
Other
May 2026

Data Center Dynamics reported that NetworkOcean's planned San Francisco Bay underwater test could face regulatory issues and potential fines if carried out without permits.

Source

Latest news

NetworkOcean plans underwater data center test in San Francisco Bay

Data Center Dynamics · May 2026

Reported that NetworkOcean intended to test a 500kW underwater capsule in San Francisco Bay and noted possible regulatory issues and fines.

NetworkOcean Launches: Underwater Data Centers

Fondo · Feb 2026

Summarized NetworkOcean's launch, its GPU reservation offering, and its claims around lower power usage, zero freshwater consumption, and faster deployment.

Proposed underwater data center surprises regulators who hadn’t heard about it

Frinwal · Sep 2024

Covered the company's early San Francisco Bay test plans, the lack of apparent permits at the time, and broader concerns about the project's environmental impact.

An Underwater Data Center in San Francisco Bay? Regulators Say Not So Fast

WIRED · Sep 2024

Reported on NetworkOcean's underwater data-center plans, the regulators who raised questions, and concerns about permits and environmental impact.

Framer mirror / about pageLinkedIn company pageOfficial websitePrivacy policyReserve/talk-to-team formTerms of serviceY Combinator company profileY Combinator jobs pageYC launch page
SourcesOfficial websiteTerms of ServicePrivacy policyY Combinator company profileY Combinator jobs pageYC launch pageLinkedIn company pageFramer mirror / about pageCrunchbase financialsTracxn profile

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