DG Matrix Pulls $60M to Ditch Century-Old Data Center Power Tech
Solid-state transformer startup DG Matrix lands $60M Series A to overhaul how data centers handle power delivery.
Data centers have a dirty secret: they're still running on transformer technology that's basically a hundred years old. DG Matrix wants to fix that.
The startup just closed a $60M Series A led by Engine Ventures. Its pitch? Solid-state transformers capable of handling up to 2.4 megawatts of power while dramatically boosting efficiency.
The timing makes sense. Server racks are getting denser by the quarter, and legacy power infrastructure is becoming the bottleneck nobody wants to talk about. Traditional transformers are bulky, inefficient, and weren't designed for the loads modern AI and cloud workloads demand.
DG Matrix's solid-state approach swaps out old-school magnetic cores for semiconductor-based power conversion. The result: more power in less space with better efficiency. For data center operators watching their energy bills skyrocket, that's a compelling proposition.