DG Matrix, a startup specializing in solid-state transformers, has successfully raised $60 million in a Series A round to improve the efficiency of data center power management. The company’s innovative technology aims to intelligently aggregate power from various sources, offering a solution to the challenges faced by traditional transformers in powering modern, dense server racks.
Unlike conventional transformers, solid-state transformers are compact, efficient, and offer improved flexibility in power distribution. DG Matrix’s Interport device, a key product in their portfolio, acts as a router for power, capable of integrating electricity from different sources such as solar panels and grid-scale batteries. This technology allows for optimized power delivery to data center racks, eliminating the need for uninterruptible power supplies (UPS) and associated equipment.
By leveraging the Interport device, data centers can significantly reduce the space dedicated to power conversion, streamlining operations and enhancing overall efficiency. DG Matrix’s recent partnership with Exowatt to supply solar-plus-storage containers further demonstrates the potential impact of their technology on powering data centers sustainably and reliably.
With this latest funding round and ongoing technological advancements, DG Matrix is poised to enhance the landscape of data center power management, offering a more efficient and agile solution for the industry’s evolving needs.
Source: TechCrunch