DG Matrix Secures $60M Funding for AI-Powered Energy Infrastructure

In a major development for the global climate-tech and power electronics ecosystem, DG Matrix has announced the successful close of its $60 million Series A funding round, taking the company’s total capital raised to over $100 million.

The funding marks a significant milestone for the fast-growing infrastructure technology company that is working at the intersection of artificial intelligence, electrification, and next-generation energy systems. As the world accelerates toward data-driven economies and decarbonized energy networks, DG Matrix is positioning itself as a key enabler of the physical infrastructure required to support this transformation.

Scaling Infrastructure for the AI Economy

Artificial intelligence is rapidly reshaping industries—from financial services to healthcare and manufacturing. But behind every AI model lies a critical physical requirement: power.

AI data centers consume massive amounts of electricity and require highly efficient, flexible, and resilient grid infrastructure. DG Matrix has built its core technology around solid-state transformer (SST) platforms, which are emerging as a next-generation alternative to traditional transformers used in power grids.

Unlike legacy hardware, SST-based systems offer improved energy efficiency, faster power conversion, bidirectional energy flow, better integration with renewable energy sources, and enhanced grid stability for AI-powered infrastructure. With a global workforce of over 300 employees, DG Matrix has grown into what is now considered one of the world’s largest SST-focused teams, working to modernize electrical infrastructure for AI-ready applications.

Commercial Deployments Already Underway

Importantly, DG Matrix’s journey is no longer confined to research labs. The company has already moved into commercial deployment, with infrastructure projects implemented across leading energy and technology firms including PowerSecure, Inc., Duke Energy Corporation, Bloom Energy, and Exowatt.

These deployments are part of a broader multi-gigawatt pipeline that reflects growing industry demand for power systems capable of supporting next-generation computing infrastructure and renewable-heavy grids.

Strategic Global Partnerships

To accelerate its scale-up strategy, DG Matrix has also entered into partnerships with some of the most influential players across semiconductors, energy storage, and industrial systems, including NVIDIA, CATL, Gotion Inc., and Rittal GmbH & Co. KG. These collaborations are expected to strengthen DG Matrix’s supply chain capabilities and support integrated infrastructure solutions for AI data centers and electrified industrial environments.

Manufacturing Expansion Plans

Looking ahead, DG Matrix is ramping up toward a global manufacturing capacity of 9 gigawatts per annum, underscoring the scale of anticipated demand for advanced power electronics in climate-resilient infrastructure. This expansion aligns with global trends around data localization, electrification of transportation and industry, renewable energy adoption, and grid modernization. As governments and enterprises invest heavily in digital infrastructure and decarbonization initiatives, scalable power systems are becoming mission-critical assets.

Backed by Global Climate-Tech Investors

The Series A funding round was led by Engine Ventures, with participation from new investors including Mitsubishi Heavy Industries, Helios Climate Ventures, Fine Structure Ventures, MCJ, and Sabanci Climate Ventures. They join an existing investor base that includes Clean Energy Ventures, ABB, Cerberus Capital Management, Chevron Technology Ventures, and Piedmont Capital.

Visionary Leadership Driving the Mission

DG Matrix was co-founded by energy innovators Haroon Inam and Subhashish Bhattacharya, whose vision has guided the company from a breakthrough technology startup into a commercially deployed infrastructure platform. Their focus remains on building resilient, scalable, and intelligent energy systems capable of supporting both electrification and AI-driven economic growth.

The Road Ahead

As AI adoption accelerates globally, the pressure on existing grid infrastructure is expected to intensify. Companies like DG Matrix are stepping in to bridge the gap between digital innovation and physical power systems, ensuring that the AI revolution is supported by equally advanced electrical infrastructure.

With fresh capital, strategic partnerships, and expanding deployments, DG Matrix appears set to play a pivotal role in powering the next era of intelligent and sustainable industry.