Global Infrastructure SherpaDG Matrix Raises $60M to Scale Solid State Transformer
DG Matrix, a US-based solid state transformer developer, has secured $60 million in Series A funding led by Engine Ventures. This funding round brings the company's total capital raised to over $100 million. The capital will be used to scale manufacturing and supply chain operations, expand the team, and accelerate deployments supporting the growth of AI data centers and electrification. DG Matrix has also partnered with Exowatt and PowerSecure to deploy its technology.
Source Intelligence
The latest round brings the company’s total capital raised to more than $100m. Quote: "The latest round brings the company’s total capital raised to more than $100m."
"DG Matrix has raised $60 million as part of its Series A funding, led by Engine Ventures."
"The Series A funding round closely follows a partnership agreement with energy storage firm Exowatt."
"DG Matrix has also partnered with PowerSecure , a Southern Company subsidiary, to accelerate the deployment of next-generation power infrastructure for AI data centers and large-scale electrification projects."