Jakarta, INTI - Data centers are facing a growing dilemma: how to supply power to increasingly dense server racks while still relying on electrical equipment rooted in century-old technology.
Conventional transformers are large and generate significant heat, but a new wave of solid-state transformers aims to solve these limitations while introducing greater flexibility in power management.
One of the companies advancing this technology, DG Matrix, has secured $60 million in a Series A funding round, TechCrunch has exclusively learned. Engine Ventures led the round, with participation from ABB, Cerberus Ventures, Chevron Technology Ventures, Clean Energy Ventures, Fine Structure Ventures, Helios Climate Ventures, MCJ, and Piedmont Capital.
Interport: Power Routing for the AI Era
The startup has also entered into an agreement to supply its Interport device to Exowatt, a company developing solar-plus-storage container systems designed to deliver continuous power to data centers.
According to Subhashish Bhattacharya, DG Matrix’s co-founder and CTO, the Interport functions like a router for electricity. A single unit can manage up to 2.4 megawatts of connections. For instance, it can combine 600 kilowatts from solar panels and another 600 kilowatts from grid-scale batteries to supply 12 server racks drawing 100 kilowatts each.
Because the Interport integrates multiple power sources, including large-scale battery systems, DG Matrix claims it can remove the need for uninterruptible power supplies (UPS) along with their supporting equipment.
By consolidating power conversion systems, the Interport significantly reduces the footprint required inside data centers. DG Matrix co-founder and CEO Haroon Inam told TechCrunch that two 4-by-30-foot equipment skids can be replaced with a single four-by-four-foot Interport unit.
Removing multiple legacy components also enhances system efficiency. Traditional chained devices typically operate at 82% to 90% efficiency, Inam explained, whereas Interport achieves between 95% and 98%. Reliability is also expected to improve. “When you are using only 10%, 15% of the components that legacy is using, you’re going to be far more reliable,” he added.
DG Matrix plans to begin delivering its first units to customers in June. The company’s next product will serve as a sidecar system to supply power directly to data center racks, building upon its existing technology platform.
At present, roughly 90% of DG Matrix’s business pipeline comes from data centers, with the remaining portion focused on electric vehicle fleet charging. Looking ahead, the company aims to expand into building-level power systems and scale micro- and mini-grid solutions to support electrification projects in remote areas. In such settings, Interport units would coordinate electricity from solar, wind, and battery sources to provide continuous power without reliance on traditional grid infrastructure.
“Nobody’s going to build a $100 million transmission line to a village,” Inam said. “Now you can spend a fraction of that money and help eliminate energy poverty.”
Conclusion
As AI workloads and high-density computing continue to push data center power requirements to new levels, infrastructure innovation is becoming essential. DG Matrix’s funding and technology development signal a broader transition toward smarter, more efficient, and flexible grid solutions. By modernizing power conversion and enabling distributed energy integration, the company is positioning itself at the forefront of next-generation energy infrastructure.
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