DG Matrix

DG Matrix is a Morrisville, North Carolina company building multi-port solid-state transformers: power electronics that replace conventional transformers and switchgear and can combine grid, solar, battery and generator power in a single unit. Aimed at data centers facing multi-year waits for grid equipment, it closed a $60 million Series A in February 2026 led by Engine Ventures, with incumbent transformer maker ABB adding new capital and Mitsubishi Heavy Industries joining the round.

Company Facts

• Headquarters: Morrisville, United States
• Type: startup
• Website: https://www.dgmatrix.com
• Industries: Electrical Equipment, Energy Technology, Data Center Hardware, Industrials