Power-infrastructure company building solid-state transformers and the Interport software-driven power platform for AI data centers, grid, microgrid, and fleet-electrification use cases.
At a glance
- Founded: 2022
- HQ: Morrisville
- Sector: DeepTech
- Stage: Series A
- Total raised: $72.8M
- Affiliation: NC State
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Sourced company notes 3 topics
Notes on DG Matrix · last checked Oct 1, 2026
Overview
Morrisville deeptech company building solid-state power transformers (the Interport platform) for the electrical load of AI data centers, commercial and industrial sites, and EV fleets.
Funding
$60M Series A announced 2026-02-18, led by Engine Ventures. Investors confirmed by both primary releases: ABB, Fine Structure Ventures, Helios Climate Ventures, and MCJ. TechCrunch additionally names Cerberus Ventures, Chevron Technology Ventures, Clean Energy Ventures, and Piedmont Capital; Business Wire additionally names Mitsubishi Heavy Industries and Sabanci Climate Ventures. The Form D records $29,999,988 sold of a $59,999,971 offering, 35 investors, first sale 2026-02-18. An earlier Form D records $12,805,999 sold of a $20,809,995 offering with a 2024-12-18 first sale; Canary Media (2025-08-18) reports a roughly $20 million seed closing in March 2025. Business Wire's release states total capital raised of over $100 million.
Team
Co-founded by Haroon Inam, CEO (previously CTO at Smart Wires, which listed on Nasdaq First North Growth Market via Swedish Depositary Receipts and was later delisted, around 2022), and Dr. Subhashish Bhattacharya, CTO, an NC State power-electronics professor whose research underpins the solid-state transformer technology.
Where the team studied
Filter the directory by schoolDuke University
- Haroon InamAlumBachelor's and Master's, Electrical EngineeringSource
North Carolina State University
- Subhashish BhattacharyaFacultyProfessor of Power Electronics
Each line was checked against a primary source. Founder education is recorded for part of the directory, so a name missing here is a gap in what has been checked, not a statement that they studied somewhere else. Tell me what is missing.
Listed roles
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