Google Leads €411M Series A at $2.7B for Fusion, Backs $7M AI Wardrobe Startup
GOOG•Google led a €411 million Series A round for Germany’s Proxima Fusion alongside RWE, valuing the startup at $2.7 billion to fund development of Europe’s first commercial fusion reactor. Google’s AI division also joined eBay in a $7 million Series A for Whering’s AI-powered wardrobe app, aimed at personalized outfit recommendations.
1. Proxima Fusion Funding Round
Proxima Fusion closed a €411 million funding round led by Google and German utility RWE, assigning the startup a $2.7 billion valuation. The capital will advance the company’s efforts to develop Europe’s first commercial fusion reactor.
2. Whering AI Wardrobe Expansion
Whering, a social wardrobe app, raised $7 million in a Series A featuring Google AI and eBay. The proceeds will accelerate enhancements to its AI-driven platform, including personalized outfit recommendations and virtual closet management.
