Startup · United States
DG Matrix
HQ Morrisville, North CarolinaFounded 2022201-500 employeesUpdated
Develops solid-state transformers for data centers and electrification.
Funding3 rounds · $80.0M
- Equity raised
- $80.0M
- Debt, secondaries & grants
- Undisclosed
- Latest
- $60.0MSeries A · Feb 19, 2026
| Announced | Stage | Amount | Valuation | Lead investors | Other investors | Confidence |
|---|---|---|---|---|---|---|
| Feb 19, 2026 | Series A | $60.0M | — | Engine Ventures | — | Reported |
| Mar 11, 2025 | Seed | $20.0M | — | Clean Energy Ventures | — | Reported |
| Feb 20, 2024 | Grant | Undisclosed | — | — | — | Reported |
- Series ALed by Engine Ventures$60.0MFeb 19, 2026
- SeedLed by Clean Energy Ventures$20.0MMar 11, 2025
- GrantUndisclosedFeb 20, 2024
Raised counts equity rounds; debt, secondary sales and grants are totaled separately. Amounts in other currencies are converted at the announcement month's average rate. A ~ marks an estimated or converted amount.
Capabilities2
| Technology | Role | Maturity | TRL | Notes | Confidence |
|---|---|---|---|---|---|
| Power, grids and energy storage | Developer | — | — | classify_sectors run 37, haiku, taxonomy 2026-10-18b: Develops solid-state transformers for data centers and electrification, a power-conversion product with no defense use stated. | Reported |
| Semiconductors and microelectronics | Developer | — | — | classify_sectors run 37, haiku, taxonomy 2026-10-18b: Develops solid-state transformers for data centers and electrification, a power-conversion product with no defense use stated. | Reported |
- Developerclassify_sectors run 37, haiku, taxonomy 2026-10-18b: Develops solid-state transformers for data centers and electrification, a power-conversion product with no defense use stated.—Reported
- Developerclassify_sectors run 37, haiku, taxonomy 2026-10-18b: Develops solid-state transformers for data centers and electrification, a power-conversion product with no defense use stated.—Reported
Maturity and TRL describe this organization's work; the field-wide maturity is on each technology's page.
People3
| Person | Role |
|---|---|
| Haroon Inam | Co-founder |
| Subhashish Bhattacharya | Co-founder |
| Christian Belady | Personal advisor to CEO |
Sources5
Profile2
- 1
Supports Organization · linkedin url
“https://www.linkedin.com/company/dgmatrix/”
- 2CompanyDG Matrix | LinkedIn
Supports Organization · founded year, Organization · hq city, Organization · hq region
“Headquarters Morrisville, North Carolina Type Privately Held Founded 2022”
Funding2
- 3
Supports Funding round, Funding round · investors, Organization, Organization · ownership
“DG Matrix has raised $60 million as part of its Series A funding, led by Engine Ventures.”
- 4DatabaseDG Matrix company profile
Octen Business Search · Supports Funding round, Organization · employee range, Role
“funding round: Seed Round, 2025-03-11, USD 20,000,000, lead: Clean Energy Ventures”
People1
- 5
Supports Role
“Haroon Inam Co-Founder & Chief Executive Officer”
Each fact on this page is attached to the sources that support it. Archived copies are linked when we keep one.