Huawei Veterans Raise Funding for AI Data Center Power Startup

Team S · 2026-03-16T14:25:25.000Z

Matrix Power Technologies, a startup founded by former executives from Huawei, has secured a Series A funding round with an eight-figure RMB investment from StarCharge. The capital will be used to accelerate research and development, expand overseas operations, and support working capital needs. Founded in 2020, Matrix Power Technologies develops advanced power infrastructure designed specifically for AI data centers, a sector experiencing rapid growth due to increasing demand for high-performance computing and artificial intelligence workloads. The company focuses on high-efficiency and high-density power architectures, including traditional 54-volt DC in-rack power supply systems as well as next-generation high-voltage direct current (HVDC) designs operating at 400V and 800V outside the rack. These systems are designed to deliver higher efficiency and support the rising power requirements of modern AI computing infrastructure. Matrix Power is also exploring emerging technologies such as solid-state transformers, which could improve energy efficiency and reliability in large-scale data center deployments. The startup aims to position itself as a critical infrastructure provider for the next wave of AI-driven data center expansion. Prior to this Series A round, the company raised angel funding from an unnamed publicly listed company, followed by a pre-Series A round led by Yushan Partners, indicating growing investor interest in the infrastructure powering AI computing ecosystems. As AI adoption accelerates worldwide, startups like Matrix Power are building the foundational hardware needed to support next-generation computing workloads and the massive energy demands of hyperscale data centers.

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Huawei Veterans Raise Funding for AI Data Center Power Startup | Newnex