DG Matrix
DG Matrix develops multi-port solid-state transformer platforms for AI data centers, EV fleet charging, and distributed energy, converting power efficiently between grid, storage, and compute loads.
- Company typePrivate
- Founded2021
- HeadquartersRaleigh, United States
- Headcount251–500
- GTM typeB2B
- OfferingHardware or Manufacturing
What DG Matrix does
DG Matrix is a privately held power electronics company founded in 2021 and headquartered in Morrisville, North Carolina, that has commercialized the world's first multi-port solid-state transformer (SST) platform under the Interport brand. The company's core technology uses silicon carbide (SiC) MOSFET semiconductors and software-defined control logic to convert voltage, simultaneously route power from multiple AC and DC sources, respond to load changes in milliseconds, integrate battery backup without separate UPS hardware, and provide real-time grid stabilization. The platform natively supports 800 VDC with reprogrammable ports scalable to 1,500 VDC, achieves up to 98.5% conversion efficiency in a single stage, and delivers up to 2.4 megawatts per unit across configurations including LV Skid, MV Skid, SideCar, Microgrid, and EV Charging solutions.
The company targets AI data centers (hyperscale, neocloud, and colocation) as its primary segment, representing approximately 90% of its sales pipeline, and secondarily addresses commercial and industrial electrification, EV fleet charging, and utility/grid operator markets. The value proposition is anchored on solving power infrastructure bottlenecks for AI factories: legacy transformer lead times of 18-36 months, grid interconnection delays exceeding five years, and the inability of conventional systems to handle GPU pulse-load dynamics at rack densities reaching 600 kW.
DG Matrix generates revenue through direct hardware sales of its Interport, Power Router, Power Bridge, and SideCar platforms, supplemented by strategic partnership arrangements with system integrators and energy infrastructure companies. The company sells through direct enterprise field sales targeting hyperscalers and through channel partners including PowerSecure (Southern Company subsidiary), Exowatt, and InfraPartners for deployment and integration. Pricing is not publicly disclosed and is quote-based given the custom engineering integration required for each deployment. As of February 2026, the company has raised over $100 million in total funding across a $20 million seed round (March 2025) and a $60 million Series A (February 2026), holds a $2 billion sales pipeline, and has secured strategic investors including ABB, Mitsubishi Heavy Industries, and Chevron Technology Ventures.
DG Matrix firmographics
Firmographics- Name
- DG Matrix
- Legal name
- DG Matrix, Inc.
- Website
- https://dgmatrix.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- DG Matrix develops multi-port solid-state transformer platforms for AI data centers, EV fleet charging, and distributed energy, converting power efficiently between grid, storage, and compute loads.
- Ownership category
- akta.pro rank
DG Matrix industry classification
Industry- Product category
- Power Electronics and Solid-State Transformer Hardware
- NAICS
- Power, Distribution, and Specialty Transformer Manufacturing (335311), Switchgear and Switchboard Apparatus Manufacturing (335313)
- SIC
- Power, Distribution & Specialty Transformers (3612), Electronic Coils, Transformers & Other Inductors (3677)
- akta.pro primary industry
- Solid-State Transformers (SST) & Power Electronic Transformers (EUAFAIAF)
- akta.pro secondary industries
- Wide-Bandgap (SiC/GaN) Power Modules, Gate Drivers & Packaging (EUAFAIAJ), Grid-Scale Power Conversion & Interconnection (PCS, Grid-Tie Inverters, Converter Stations) (IMAGAAAI), High-Voltage & High-Power Conversion (HVDC supplies, traction/rail converters, large rectifiers) (IMAGADAH)
Keywords
Where DG Matrix is headquartered
LocationHeadquarters
- HQ city
- Raleigh
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
DG Matrix business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Technology or R&D, Supply Chain, Operations, Marketing or Sales
Revenue model
- Solid-State Transformer Hardware Sales: DG Matrix generates revenue primarily from selling its Interport multi-port solid-state transformer hardware platforms. The company sells Interport, Power Router, Power Bridge, and SideCar products to AI data centers, utilities, and industrial customers. Hardware is sold directly and through strategic partners, with production units shipping and multiple gigawatt-class data centers in the pipeline.
- Purchase Orders and Contracts: DG Matrix has secured significant purchase orders including a $20.7 million order from XLR8 America for EV charging solutions, and has tens of millions in purchase orders lined up for 2025 and 2026. The company has also built a $2 billion sales pipeline.
- Strategic Partnership and Licensing: DG Matrix forms strategic partnerships with companies like Exowatt, PowerSecure, and InfraPartners where its Power Router or Interport platform is designated as a preferred power conversion solution within partners' platforms, generating revenue through product sales and potentially licensing arrangements.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels9 records
DG Matrix product offering
Product offeringCore offering
DG Matrix develops and sells the Interport multi-port solid-state transformer (SST) platform, a software-defined power conversion system that uses silicon carbide (SiC) MOSFET semiconductors to convert, route, and stabilize power between grid, on-site generation, storage, and compute loads. It sells Interport, Power Router, Power Bridge, and SideCar hardware units, plus supporting configurations, to AI data centers, utilities, and EV fleet operators, delivering up to 2.4 MW per unit at up to 98.5% efficiency with native 800 VDC support.
Product overview
DG Matrix offers the Interport platform, the world's first multi-port solid-state transformer (SST) solution, as its core product. The platform unifies power conversion, intelligent routing, buffering, and control into a single software-defined system. It comes in multiple configurations including LV Skid Solutions for MW-scale powertrains, SideCar Solutions for rack-proximate pulse-load mitigation, and MV Skid Solutions for medium-voltage (12-34.5 kV) to high-voltage DC transformation. The Power Router is a modular variant targeting data centers, microgrids, and EV fleet charging, while Power Bridge offers 1-2.5 MW medium-voltage SST for direct rack power delivery. The platform scales from 200 kW to multi-GW deployments and supports both AC and DC architectures including the emerging 800 VDC standard for AI factories.
Differentiator
Problem solved
Functional benefit
Brands
- Interport: Multi-port solid-state transformer platform that acts as the intelligent power fabric for data centers, enabling faster deployment, lower energy costs, and software-controlled integration of all energy sources and loads.
- Power Router
- Power Bridge
- Power Blade
Products and services
- Interport Platform The Interport platform is DG Matrix's flagship multi-port solid-state transformer (SST) solution that delivers intelligent, software-defined power distribution for AI data centers and electrification applications. It supports native 800 VDC architecture with reprogrammable ports capable of reaching 1,500 volts, achieves up to 98.5% conversion efficiency, integrates multiple AC and DC input sources simultaneously, and delivers AC and DC outputs concurrently. It is sold to hyperscale, neocloud, and colocation operators.
- Power Router The Power Router is a modular solid-state transformer solution for AI data centers, microgrids, and EV fleet charging applications. It functions as an intelligent hub managing power flows between multiple energy sources (grid, solar, battery, generators) and data center loads, enabling faster deployment, lower energy costs, and software-controlled integration of all energy sources at scale.
- Power Bridge Power Bridge is a 1- to 2.5-MW medium-voltage solid-state transformer that delivers electricity at up to 13.8 kV directly to AI datacenter racks, bypassing traditional low-voltage power distribution systems. It reduces copper usage by hundreds of tons for large datacenters and is designed for gigawatt-scale AI data center deployments.
- Interport Dispenser The Interport Dispenser is an EV charging dispenser designed to work with the Interport platform out of the box for fleet electrification applications.
Quantifiable outcome
- Up to 98.5% power conversion efficiency versus 82-90% for traditional transformer-based systems
- +4 more outcomes
Companies that use DG Matrix
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles3 records
DG Matrix technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability2 records
Feature7 records
DG Matrix partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered minor and core.
- Data Centre Power Coalition (Sijbrandij Foundation)minorDG Matrix is a founding member of the Data Centre Power Coalition launched by The Sijbrandij Foundation, with 12 founding energy partners including Amperesand, DG Matrix, Emerald AI, florrent, GridCARE, Hammerhead AI, Hanwha Data Centres, Hitachi, NeuralWatt, Planted Solar, Skeleton Technologies, and Voltus. The coalition addresses power supply challenges for AI data centre projects across three areas: on-site power generation, load flexibility, and faster grid interconnection.
- NVIDIA MGX EcosystemcoreDG Matrix joined the NVIDIA MGX ecosystem as a solid-state transformer supplier for NVIDIA's 800 VDC power architecture. The milestone reflects more than two years of direct technical collaboration with NVIDIA, from the earliest prototypes of 800 VDC power architecture through the commercial launch of the Interport SST platform revealed at NVIDIA GTC 2026. DG Matrix is collaborating with NVIDIA and MGX integrators to validate rack power interfaces and develop 800 VDC reference designs for hyperscale, neocloud, and edge deployments.
- Satterfield & Pontikes ConstructionminorDG Matrix partnered with Texas contractor Satterfield & Pontikes Construction to integrate solid-state transformer technology into data center projects across Texas, aiming to reduce delays caused by long electrical transformer lead times. Conventional transformer lead times have stretched to 2-3 years, delaying first-power dates by 6-9 months compared to SST solutions. The partnership addresses grid constraints in Texas following Senate Bill 6 requirements.
- InfraPartnerscoreDG Matrix and InfraPartners launched an industry-first end-to-end AI infrastructure platform integrating InfraPartners' RapidNode prefabricated, upgradeable data center with DG Matrix's Interport 360 power fabric. The platform creates a true 'grid-to-rack' solution designed to accelerate time-to-compute and support evolving AI technologies. The companies also released a joint white paper detailing the architecture, deployment model, and economic impact.
- Infineon TechnologiescoreDG Matrix selected Infineon as a key silicon carbide supplier for its Interport multi-port solid-state transformer platform. DG Matrix sources Infineon's latest-generation SiC MOSFETs for use in SST platforms targeting AI data center, microgrid, and fleet-charging deployments worldwide. The collaboration evolved from prototype to commercial launch and positions both companies to scale toward multi-megawatt medium-voltage transformers for gigawatt-scale data center deployments with hyperscalers. Both companies expect continued alignment on next-generation SiC device roadmaps.
- ExowattcoreDG Matrix and Exowatt formed a strategic partnership to deploy integrated, behind-the-meter power systems targeting gigawatt-scale infrastructure for hyperscale data centers. Exowatt selected DG Matrix's Power Router as a preferred platform for power conversion for its modular P3 and ExoRise platforms. DG Matrix installed a working pilot at Exowatt and is shipping production units. The partnership addresses urgent demand for reliable, carbon-free electricity to fuel the AI revolution. Exowatt is backed by a16z, Atomic, Felicis, and Sam Altman and is headquartered in Miami, Florida.
- AmpacecoreAmpace and DG Matrix announced a strategic partnership to deliver the industry's first UL-certified, grid-active Battery Energy Storage System integrated with a multi-port solid-state transformer platform for AI data centers. The combined solution integrates Ampace's high-energy battery technology with DG Matrix's Power Router and SideCar platforms to provide real-time load smoothing, UPS-grade protection, and grid-support capabilities. The companies will jointly validate, certify, and deploy integrated systems for hyperscale, colocation, and enterprise AI data centers. The solution aligns with NVIDIA's 800 VDC AI Factory architecture and the OCP's Mount Diablo framework.
- PowerSecure (Southern Company)coreDG Matrix and PowerSecure (a subsidiary of Southern Company) announced a strategic collaboration to deliver next-generation energy systems for AI data centers and electrification projects. DG Matrix provides its advanced solid-state transformer technology and Power Router platform while PowerSecure contributes its microgrid expertise, customer channels, and nationwide deployment capacity. The collaboration aims to accelerate commercialization by leveraging PowerSecure's existing customer relationships and service coverage. PowerSecure has developed over 3 GW of microgrid capacity.
- FlexGenminorFlexGen and DG Matrix announced a strategic partnership to develop EV fleet charging solutions that leverage FlexGen's HybridOS software and DG Matrix's Power Router technology.
- Natron EnergyminorDG Matrix and Natron Energy announced a strategic partnership for EV fast charger solutions. DG Matrix has also formed partnerships with FlexGen and Natron Energy as part of its early growth strategy.
Scale indicators9 records
Recent moves6 records
Expansion highlights8 records
DG Matrix competitors and assessment
Company assessmentBroad incumbents
- Hitachi Energy: Hitachi Energy is a leading provider of power transformers, HVDC, and grid power electronics, including active research and productization of solid-state transformers; comparable to DG Matrix in transformer technology depth and grid-side power conversion focus.
- Siemens (Smart Infrastructure): Siemens offers transformers, low-voltage power distribution, and grid power electronics for data centers and electrification; comparable broad incumbent competing on integrated power solutions for hyperscale AI infrastructure.
- Eaton: Eaton provides power distribution, UPS, and medium-voltage equipment for data centers and industrial customers; comparable broad incumbent in the integrated power infrastructure category that DG Matrix targets.
- ABB: ABB is a legacy power equipment incumbent manufacturing transformers, switchgear, and power electronics for utilities and data centers; ABB is also a DG Matrix investor, making it both a comparable industry player and a strategic signal of incumbents' SST interest.
- Schneider Electric: Schneider Electric manufactures power distribution, UPS, and medium-voltage equipment used in data centers and electrification; overlapping on power conversion and integration with renewable and storage sources makes it a comparable broad incumbent for grid-tied and data center power.
- Vertiv: Vertiv provides power infrastructure (UPS, power distribution, thermal) for data centers, directly competing with DG Matrix on integrated power architectures for AI compute; DG Matrix hired Vertiv's former CMO, signaling direct competitive overlap in the AI data center power segment.
- Mitsubishi Electric: Mitsubishi Electric manufactures power electronics, transformers, and HVDC systems; Mitsubishi Heavy Industries' investment in DG Matrix underscores the comparable technology overlap in high-power conversion equipment.
Emerging players
- Skeleton Technologies: Skeleton Technologies is an ultracapacitor and energy storage company also a founding member of the Data Centre Power Coalition; comparable as a peer addressing AI data center power delivery constraints alongside DG Matrix.
- FlexGen: FlexGen is an energy storage software and integration specialist partnered with DG Matrix on EV fleet charging; comparable as a peer in integrated power and storage management for fleet and microgrid applications.
Direct peers
- Amperesand: Amperesand is a fellow founding member of the Data Centre Power Coalition developing solid-state transformer technology for data centers; directly comparable as an early-stage SST specialist targeting the same hyperscale AI power infrastructure opportunity.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
DG Matrix social profiles
Digital presenceDG Matrix financial estimates
Financial estimateRevenue estimate
Valuation estimate
DG Matrix leadership team
Management profileNumber of profiles
Profiles8 records
DG Matrix funding detail
Funding detailFunding overview
Funding rounds3 records
Investors14 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
DG Matrix M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about DG Matrix
What does DG Matrix do?
DG Matrix develops and sells the Interport multi-port solid-state transformer (SST) platform, a software-defined power conversion system that uses silicon carbide (SiC) MOSFET semiconductors to convert, route, and stabilize power between grid, on-site generation, storage, and compute loads. It sells Interport, Power Router, Power Bridge, and SideCar hardware units, plus supporting configurations, to AI data centers, utilities, and EV fleet operators, delivering up to 2.4 MW per unit at up to 98.5% efficiency with native 800 VDC support.
Is DG Matrix a public or private company?
DG Matrix is a private company. It is classified as venture growth investor backed and is currently operating.
When was DG Matrix founded?
DG Matrix was founded in 2021. It employs 251 to 500 people.
Where is DG Matrix based?
DG Matrix is headquartered in Raleigh, United States, in the North America region.
How does DG Matrix make money?
Three revenue lines are on record. Solid-State Transformer Hardware Sales are the primary driver. The others are purchase Orders and Contracts and strategic Partnership and Licensing.
Who are DG Matrix's main competitors?
Broad incumbents on record are Hitachi Energy, Siemens (Smart Infrastructure), Eaton, ABB, Schneider Electric, Vertiv and Mitsubishi Electric. Emerging players are Skeleton Technologies and FlexGen. Amperesand is listed as a direct peer.
Does DG Matrix have an API?
No public API is recorded for DG Matrix.
What industry is DG Matrix in?
DG Matrix's product category is Power Electronics and Solid-State Transformer Hardware. Its primary akta.pro industry code is EUAFAIAF, Solid-State Transformers (SST) & Power Electronic Transformers, with a secondary code of EUAFAIAJ, Wide-Bandgap (SiC/GaN) Power Modules, Gate Drivers & Packaging. Its NAICS code is 335311 and its SIC code is 3612.