DG Matrix has successfully secured $60 million in a Series A funding round, boosting its total capital raised to over $100 million. The investment aims to expedite the rollout of advanced power infrastructure for AI data centers and broader electrification initiatives. This oversubscribed funding round was led by Engine Ventures, with additional participation from Helios Climate Ventures, Mitsubishi Heavy Industries, Ltd., Fine Structure Ventures, MCJ, and Sabanci Climate Ventures. Existing investor ABB also contributed further capital.
Headquartered in Morrisville, North Carolina, DG Matrix stated that the funding comes at a crucial moment as global electricity demand surges due to increasing AI workloads, outpacing the capabilities of outdated grid technology. The company has developed what it claims to be the world’s first multi-port solid-state transformer, aimed at addressing these urgent energy challenges.
The company’s Interport platform is engineered to significantly reduce the time required to establish power systems from years to mere months. This technology integrates solar, battery, generator, and grid power in a seamless, scalable manner. With the new capital, DG Matrix plans to shift from technology innovation to large-scale infrastructure deployment, targeting hyperscalers, energy companies, and industrial clients across North America and beyond.
Proceeds from this Series A funding will be allocated to scaling manufacturing and supply chain operations for the Interport platform, expanding engineering, sales, and field deployment teams, advancing necessary certifications such as UL, IEEE, and international standards to penetrate global markets, and strengthening strategic partnerships with data center developers, hyperscalers, utilities, and industrial customers.
DG Matrix also noted a growing momentum in the market, recently announcing a strategic partnership with Exowatt to implement gigawatt-scale, behind-the-meter power systems for hyperscale data centers. Exowatt has chosen the Interport platform as its preferred power-conversion technology for its modular P3 generation and storage systems. Additionally, DG Matrix has earned a place on the 2026 Global Cleantech 100 and formed a collaboration with PowerSecure, a subsidiary of Southern Company, to roll out next-generation energy systems nationwide.
These developments underscore DG Matrix’s commitment to tackling grid limitations and establishing faster, more resilient power infrastructures capable of meeting the burgeoning demands driven by AI and mass electrification.
“This Series A marks our transition from breakthrough technology to scaled infrastructure deployment. We are working with hyperscalers, energy companies, and industrial customers across North America and globally, with multiple gigawatt-class datacenters in the pipeline. This capital will scale our manufacturing and supply chain, expand our team, and accelerate deployments supporting the explosive growth of AI data centers and electrification. We’re setting a new benchmark for how large-scale power systems are designed, deployed, and managed,” said Haroon Inam, CEO of DG Matrix.
Michael Kearney, PhD, General Partner at Engine Ventures, commented, “DG Matrix represents exactly the kind of infrastructure innovation the energy transition demands. Its solid-state transformer platform solves real bottlenecks in power deployment for AI and electrification, not in theory, but in commercial deployments today. We’re proud to lead this round and support the team as they scale to meet extraordinary market demand.”
Daniel Doimo, Partner at Helios Climate Ventures, added, “DG Matrix has achieved what the industry has pursued for decades: a multi-port solid-state transformer that fundamentally changes how electricity is managed and distributed. DG Matrix’s Interport platform is not an incremental upgrade, it is the modern grid architecture required to power AI data centers and mass electrification at scale.”
As the demand for reliable and efficient power systems continues to rise, DG Matrix’s innovations could play a crucial role in shaping the future of energy infrastructure, particularly in supporting the rapid expansion of AI technologies.
See also
Tesseract Launches Site Manager and PRISM Vision Badge for Job Site Clarity
Affordable Android Smartwatches That Offer Great Value and Features
Russia”s AIDOL Robot Stumbles During Debut in Moscow
AI Technology Revolutionizes Meat Processing at Cargill Slaughterhouse
Seagate Unveils Exos 4U100: 3.2PB AI-Ready Storage with Advanced HAMR Tech
