AI Infrastructure Startup Drogue Raises $20 Million to Power Floating Data Centers with Ocean Heat
Six-month-old Drogue secures funding from XYZ and Toyota Ventures to deploy an OTEC-powered floating data center prototype by 2028.
Washington, D.C.-based startup Drogue has announced it completed a $20 million funding round backed by investors including XYZ Venture Capital, Toyota Ventures and Tamarack Global. Founded six months ago, the company plans to use ocean thermal energy conversion to power floating data centers, with a first multi-megawatt prototype expected at sea in early 2028.