DG Matrix vs Baker Hughes
Side-by-side comparison of AI visibility scores, market position, and capabilities
Raised $60M Series A (Feb 2026) led by Engine Ventures with ABB, Chevron Technology Ventures, Clean Energy Ventures. Interport device: 2.4 MW power router for data centers. Exowatt partnership.
About
DG Matrix builds the Interport — a 2.4-megawatt power router for data centers that replaces multiple discrete power conversion devices (UPS systems, transformers, switchgear) with a single intelligent power management unit. The company raised $60 million in Series A financing in February 2026, led by Engine Ventures with ABB Ventures, Chevron Technology Ventures, and Clean Energy Ventures as strategic co-investors. DG Matrix has partnered with Exowatt for solar-plus-storage container deployments that integrate Interport for hybrid site power management.
Houston oilfield services and energy technology (NASDAQ: BKR) ~$27.8B FY2024 revenue; IET LNG turbomachinery 38% revenue, Baker Hughes + GE Oil & Gas combined, energy transition positioning competing with SLB and Halliburton.
About
Baker Hughes Company is a Houston, Texas-based energy technology and oilfield services company — publicly traded on the NASDAQ (NASDAQ: BKR) as an S&P 500 Energy component — providing oilfield services and equipment (OFSE — drilling, completions, production, and intervention technologies for upstream oil and gas operations) and industrial and energy technology (IET — turbomachinery, compressors, industrial equipment, and digital solutions for LNG terminals, industrial plants, and new energy applications) through approximately 58,000 employees in 120+ countries. Baker Hughes was formed in 2017 through the combination of Baker Hughes (founded 1987) with GE Oil & Gas — GE selling its oil and gas equipment and services business to Baker Hughes — creating a combined company that trades under NYSE: BKR while GE initially held a majority stake, which GE divested by 2022. In fiscal year 2024, Baker Hughes reported revenues of approximately $27.8 billion with adjusted EBITDA of approximately $4.4 billion, with the Industrial & Energy Technology segment (LNG compressors, gas compression, power generation turbines for industrial applications) generating 38% of revenue at above-average margins as LNG terminal construction and industrial decarbonization drove demand for Baker Hughes's turbomachinery and electrification equipment. CEO Lorenzo Simonelli has executed Baker Hughes's "energy transition" strategy — positioning Baker Hughes's equipment and services for both conventional oil and gas (OFSE — growing with global upstream capital expenditure) and the new energy economy (IET — LNG for energy transition, hydrogen compression, carbon capture equipment, geothermal drilling) to reduce Baker Hughes's correlation to oil price cycles.
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