DG Matrix Powers AI Era with $60M Raise
DG Matrix, a Morrisville, NC-based power infrastructure innovator, has raised $60 million in Series A funding. The company's Interport platform introduces the world's first commercialized multi-port solid-state transformer (SST), replacing cumbersome legacy systems with a single software-defined unit. This enables seamless integration of renewables, storage, grid power, and loads for AI data centers, EV fleets, and microgrids, with funds earmarked for scaling production and deployments.
Solid-State Shift Meets AI Surge
The raise coincides with acute power demands from AI infrastructure. DG Matrix's multi-port SST unlocks stranded grid capacity, addressing constraints highlighted in recent partnerships like those with PowerSecure for next-gen data center energy.
AI data centers require massive, resilient power at grid edge, but traditional transformers and switchgear demand lengthy installations and can't handle diverse inputs like solar, batteries, and high-pulse IT loads simultaneously. This leads to deployment delays of 12-18 months and escalated costs for hyperscalers racing to build capacity. Legacy setups fail to deliver the flexibility needed for dynamic electrification trends.
Multi-Port Design Enables Rapid Deployment
DG Matrix's Interport Flex Series provides low-voltage skids for MW-scale powertrains and microgrid integration, while the Cell Series converts medium-voltage AC to high-voltage DC with SideCar modules mitigating pulse loads near IT racks. The Dispenser targets EV charging. This modular, software-controlled architecture cuts deployment time from months to weeks versus single-purpose competitors' hardware stacks.
As validated by over 30,000 hours of reliability testing and third-party reviews, Interport delivers cost efficiency and scalability unmatched in the sector.
Strategic Capital Fuels Commercialization
The Series A signals strong backing for solid-state power conversion as critical infrastructure for the AI boom. Investors recognize DG Matrix's role in enabling gigawatt-scale, dispatchable power, aligning with the company's strategy to partner with utilities and data center developers amid grid bottlenecks.
Data Center Power Landscape Evolves
Strategic collaborations with PowerSecure (Dec 2025) and Exowatt (Feb 2026) underscore momentum for integrated power solutions. Awards including Duke Energy Innovation (2025), Cleantech Entrepreneurship (2024), and Cleantech Top 100 (2026) affirm traction. With dozens of patents and testimonials from AI developers and energy firms, DG Matrix navigates a fragmenting market favoring versatile SSTs over rigid alternatives.
Power Electronics Veterans at Helm
Founded in 2022 by cleantech executive Haroon Inam and power electronics professor Dr. Subhashish Bhattacharya, the leadership boasts an ex-CTO of GE Power Electronics and a former McKinsey climate practice partner. This 250+ engineer team combines academic rigor with commercial scaling expertise, driving innovations like Interport from lab to field.