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§ Private Profile · Morrisville, NC, USA
Develops SST & power router platforms for dynamic power management in AI data centers, EV fleets, and microgrids.
Based in Raleigh, North Carolina, DG Matrix develops solid-state transformer solutions and software-defined power router platforms that enable dynamic power management for high-demand commercial applications. The company's technology replaces traditional hardware with modular systems designed to integrate multiple energy sources and reduce grid constraints for artificial intelligence data centers, electric vehicle fleets, and industrial microgrids. The enterprise has raised nearly $30 million in total venture funding, which includes a $20 million seed round completed in March 2025 to support the hiring of 100 new employees. DG Matrix is backed by institutional investors including Clean Energy Ventures, Cerberus Ventures, and Chevron Technology Ventures, while maintaining strategic partnerships with industry entities like ABB and Duke Energy. The organization was founded in July 2022 by chief executive officer Haroon Inam and chief technology officer Dr. Subhashish Bhattacharya.
DG Matrix has raised $100.0M across 3 funding rounds.
DG Matrix has raised $100.0M in total across 3 funding rounds.
DG Matrix has raised $100.0M across 3 funding rounds. Most recently, it raised $60.0M Series A in February 2026.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 18, 2026 | $60M Series A | Michael Kearney | ABB, Cerberus Ventures, Chevron Technology Ventures, Clean Energy Ventures, Fine Structure Ventures, Daniel D., MCJ Collective, Piedmont Capital | Announced |
| Mar 11, 2025 | $20M Venture Round | Vlatko Vlatkovic | ABB, Cerberus Ventures, Chevron Technology Ventures, Piedmont Capital | Announced |
| Mar 1, 2025 | $20M Seed | Clean Energy Ventures | Scot Wingo, ABB, Cerberus Ventures, Chevron Technology Ventures, Piedmont Capital | Announced |
DG Matrix is a seed-stage technology company founded in 2022, specializing in power electronics through multi-port solid-state transformers (SSTs) for electric vehicle (EV) charging, microgrids, data centers, and AI factories.[1][2][3][4] It builds products like the Power Router (200 kW or 400 kW, with 6 bi-directional ports supporting AC 400-480V and DC 200-920V), Power SideCar, and Power Bridge, which integrate multiple energy sources (solar, wind, fuel cells) and loads, replacing 10-20 traditional systems like transformers, inverters, and rectifiers with a compact, software-defined platform offering up to 98.5% efficiency and microsecond response times.[1][2][4][5] Serving EV charging operators, logistics firms, hyperscalers, data centers, hospitals, grocery stores, and gas stations, DG Matrix solves grid constraints, high energy costs, and complex power distribution in electrification and AI-driven workloads, delivering 50%+ value creation for six-figure unit revenues at strong margins.[1][2][3] With $20M raised recently, a tens-of-millions purchase order pipeline for 2025-2026, and 4 patents in energy conversion and storage, the company shows strong early growth momentum.[1][3]
DG Matrix emerged in July 2022 in Raleigh, North Carolina, co-founded by CEO Haroon Inam and Dr. Subhashish Bhattacharya.[1][3][4] Inam brings decades of experience leading power product lifecycles at United Technologies, Honeywell, and as a startup CTO, leveraging global relationships for rapid advancement.[3] Bhattacharya, a renowned SST expert whose work is cited by competitors, provides critical development know-how.[3] The idea stemmed from breakthroughs in SST technology to address electrification challenges, quickly advancing DG Matrix to the forefront—filing 4 patents by 2024 (e.g., multiport transformer systems) and securing seed VC funding of $20M within months of founding.[1][3] Pivotal early traction includes customer engagements across segments and validation from investors like Clean Energy Ventures, whose GE power electronics expert evaluated the IP positively.[3]
DG Matrix rides the electrification and AI data center boom, where surging demand for EV charging (e.g., heavy-duty trucks, public stations), renewable integration, and hyperscale AI (NVIDIA/OCP compliant) strains grids and legacy power systems.[2][3][5] Timing aligns with 2025-2026 order pipelines amid AI factories needing ultra-dense, reliable power amid grid constraints—data centers alone offer massive scale as complexity favors SSTs over simpler setups.[2][3] Market forces like zero-emission freight transitions, DER growth, and hyperscaler interest amplify this, with DG Matrix influencing the ecosystem by enabling scalable, cost-effective power for any high-power site (hospitals to gas stations), bottom-up scaling to billions in revenue without heavy capex.[3]
DG Matrix is poised to dominate SST-powered electrification, with 2025-2026 pipelines converting to deployments in AI data centers, EV infra, and microgrids—potentially hitting billions in revenue via high-volume adoption.[1][3] Trends like AI power surges (multi-GW needs), e-mobility mandates, and grid decentralization will propel growth, evolving its influence from niche innovator to essential infrastructure enabler for global energy transitions.[2][3][5] As the first commercial SST fitting NVIDIA/OCP standards, expect partnerships with hyperscalers and logistics giants to accelerate, solidifying its edge in a fragmented power electronics market.
DG Matrix has raised $100.0M in total across 3 funding rounds.
DG Matrix's investors include Michael Kearney, ABB, Cerberus Ventures, Chevron Technology Ventures, Clean Energy Ventures, Fine Structure Ventures, Daniel D., MCJ Collective, Piedmont Capital, Vlatko Vlatkovic, Scot Wingo.