DG Matrix announced it has closed a $60 million Series A funding round, bringing its total capital raised to over $100 million as it looks to accelerate the deployment of next-generation power infrastructure for AI data centers and broader electrification. The oversubscribed round was led by Engine Ventures, with participation from Helios Climate Ventures, Mitsubishi Heavy Industries, Ltd., Fine Structure Ventures, MCJ and Sabanci Climate Ventures. Existing investors, including ABB, also committed additional capital.
The Morrisville, North Carolina-based company said the funding comes at a pivotal moment for global energy infrastructure, as surging AI workloads drive unprecedented electricity demand while legacy grid technology struggles to keep pace. DG Matrix has commercialized what it describes as the world’s first multi-port solid-state transformer to address these constraints.
Its Interport platform is designed to reduce time-to-power from years to months by delivering pulse-load-ready infrastructure that integrates solar, battery, generator and grid power seamlessly at scale. The company said the new capital will help it transition from technology innovation to scaled infrastructure deployment, supporting hyperscalers, energy companies and industrial customers across North America and globally.
Proceeds from the Series A will be used to scale manufacturing and supply chain operations for the Interport platform, expand engineering, sales and field deployment teams, advance UL, IEEE and international certifications to open global markets, and deepen strategic partnerships with data center developers, hyperscalers, utilities and industrial customers.
DG Matrix also highlighted growing market momentum. The company recently announced a strategic partnership with Exowatt to deploy gigawatt-scale, behind-the-meter power systems for hyperscale data centers, with Exowatt selecting Interport as the preferred power-conversion platform for its modular P3 generation and storage systems. DG Matrix was also named to the 2026 Global Cleantech 100 and announced a collaboration with PowerSecure, a subsidiary of Southern Company, to deliver next-generation energy systems nationwide.
The company said these milestones validate its approach to addressing grid constraints and enabling faster, more resilient power infrastructure to support AI-driven demand and mass electrification.
KEY QUOTES
“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.”
Haroon Inam, CEO of DG Matrix
“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.”
Michael Kearney, PhD, General Partner at Engine Ventures
“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.”
Daniel Doimo, Partner at Helios Climate Ventures
