DG Matrix, the developer of the revolutionary Power Router platform, secured $20 million in an oversubscribed seed funding round to accelerate the commercialization of its solid-state transformer solutions for the electrification of industry and AI-driven data center markets. The funding round was led by Clean Energy Ventures with participation from industry leaders ABB; Cerberus Ventures, the venture investing platform of Cerberus Capital Management; Chevron Technology Ventures; and Piedmont Capital. The round, combined with earlier non-dilutive funding, brings DG Matrix’s total funding to nearly $30 million. . .
Oversubscribed seed round includes participation from climatetech VCs and strategics to accelerate AI data center optimization and enhance decarbonization
March, 2025