DG Matrix Secures $60M Series A Financing

By Global Infrastructure Sherpa · Feb 18, 2026

Financing Data Center announced USA Feb 18, 2026

USD60M

Deal Value

Interpore

Project

DG Matrix raised $60M in a Series A round led by Engine Ventures with participation from ABB to develop solid-state transformers for data centers.

Source Intelligence

KEY DETAILS

The company develops solid-state transformers intended to replace large, cumbersome power devices once used in data-center settings. Quote: "The company develops solid-state transformers intended to replace large, cumbersome power devices once used in data-center settings."

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Deal Size

DG Matrix has recently raised US$60M in a Series A round, according to an exclusive report cited by TechCrunch.

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Announcement

February 18, 2026

PARTIES MENTIONED IN SOURCE

Engine Ventures investor

"Engine Ventures led the capital commitment."

ABB investor

"The round was further enhanced by ABB and a group of climate-conscious investors."

Exowatt buyer

"The company has already won a supply deal with Exowatt, a company that deals with photovoltaic and storage systems that provides continuous power supply to data-center operations."

medium quality Enriched Feb 19, 2026