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DEVELOPING: DG Matrix Secures $60M to Revolutionize Data Center Power!

DG Matrix has secured $60 million in a Series A funding round. The investment aims to revolutionize data center power. Engine Ventures led the round.

The funding will support DG Matrix's solid-state transformer technology. This technology promises to solve power challenges in data centers. It addresses issues with bulky and inefficient traditional transformers.

Data centers struggle to power dense server racks. Existing equipment relies on outdated technology. DG Matrix's Interport device acts as a power router.

DG Matrix recently partnered with Exowatt. The company will supply its Interport device. This will provide 24/7 electricity to data centers.

This is a developing story. Updates will follow as more information becomes available.

AI-Assisted Journalism

Synthesized from multiple sources. Reviewed for accuracy.

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