DG Matrix Secures $60 Million Series A Funding to Enhance Power Infrastructure for AI and Electrification
DG Matrix has closed a $60 million Series A funding round led by Engine Ventures, bringing total capital raised to over $100 million. The funding will enable the company to scale production and commercial deployments of its solid-state transformer solutions, which are designed to meet the increasing electricity demand from AI data centers. Key investors include Mitsubishi Heavy Industries and ABB. The capital will support growth in manufacturing, partnerships, and certifications, positioning DG Matrix at the forefront of cleantech innovation.
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DG Matrix has completed a $60 million Series A funding round, led by Engine Ventures, increasing its total capital raised to over $100 million. This funding will facilitate the scaling of production and deployment of its Interport™ solid-state transformer, aimed at addressing the rising electricity demand from AI workloads.
The company is collaborating with hyperscalers and industrial clients, focusing on manufacturing and supply chain expansion, as well as strategic partnerships. DG Matrix's technology enables faster deployment and integration of energy sources, enhancing the infrastructure for AI data centers and electrification. Recent partnerships include a collaboration with Exowatt and a strategic alliance with PowerSecure.
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