DG Matrix Raises $60M Series A Led by Engine Ventures

Why It Matters

The funding accelerates a technology that could slash data‑center energy waste, lower capital costs, and enable greener, more reliable power architectures across the industry.

Key Takeaways

• DG Matrix raised $60M Series A.
• Interport handles up to 2.4 MW power.
• Replaces bulky transformers, improves efficiency to 95‑98%.
• Cuts data center space, eliminates UPS.
• Plans expansion to EV charging and micro‑grids.

Pulse Analysis

Data centers consume a growing share of global electricity, yet their power‑distribution infrastructure still relies on legacy transformers that are large, inefficient, and heat‑intensive. Solid‑state transformers promise to shrink footprints and raise conversion efficiency, a trend that has attracted venture capital attention. In June 2026, Boston‑based DG Matrix secured a $60 million Series A round led by Engine Ventures, with strategic investors such as ABB and Chevron Technology Ventures. The funding will accelerate production of its Interport device, a modular power router designed to replace traditional transformer‑UPS chains and integrate renewable sources directly into the rack‑level supply.

The Interport unit can manage up to 2.4 megawatts, aggregating power from solar panels, grid‑scale batteries, or other sources to feed multiple high‑density racks. By consolidating two 4‑by‑30‑foot skids of equipment into a single 4‑by‑four‑foot module, DG Matrix claims a space reduction of more than 80 percent. Efficiency climbs from the typical 82‑90 percent of legacy chains to 95‑98 percent, while component count drops to roughly 10‑15 percent, boosting reliability and lowering cooling demands. Eliminating uninterruptible power supplies also simplifies maintenance and reduces capital expenditures for operators.

The capital infusion positions DG Matrix to capture a sizable slice of a market where data centers account for roughly 90 percent of its pipeline, with the remainder targeting electric‑vehicle charging infrastructure. The company’s roadmap includes a sidecar power module for individual racks and a broader push into micro‑ and mini‑grids for remote communities, where its technology could replace costly transmission projects. If adopted at scale, the Interport could accelerate the decarbonization of data‑center power, improve uptime, and open new revenue streams for utilities and cloud providers seeking greener, more resilient energy solutions.

Deal Summary

DG Matrix, a solid‑state transformer startup, announced a $60 million Series A round led by Engine Ventures, with participation from ABB, Cerberus Ventures, Chevron Technology Ventures, Clean Energy Ventures, Fine Structure Ventures, Helios Climate Ventures, MCJ and Piedmont Capital. The funding will accelerate the rollout of its Interport power‑routing device for data centers and support expansion into EV‑charging and micro‑grid projects.