· Venture Capital Tracker · investment-strategies · 3 min read
September 3–4 VC News: Nvidia–Hugging Face $12.93B Agreed
Nvidia agreed to buy Hugging Face for $12.93 billion (not closed; H1 2027). Also this window: Sirdab $10M Series A (YC, company says profitable), Elucid $55M Series D, Zeit AI €4.3M, Hivebotics $6M. Does not duplicate open PR #135 (Wonderful/Crusoe/Gimlet/Upwind cluster).
VCT data record
Funding event facts
Source-backed financing and transaction details. Unknown terms remain undisclosed rather than estimated.
Nvidia agrees to acquire Hugging Face
Signed September 2, announced September 3. Huang $12.93B. 8-K ~$11.9B + up to $1B retention. Not closed.
- Event type
- Acquisition
- Event date
- Sep 2, 2026
- Amount
- $12.93B
- Confidence
- Official Filing
Company / target: Hugging Face
Sources: blogs.nvidia.com
Sirdab raises $10M Series A
YC W23 Saudi cloud-warehousing company. Co-led by Elm and BECO Capital per Wamda. Company claims profitability and 20x revenue since YC. No valuation.
- Event type
- Funding Round
- Event date
- Sep 3, 2026
- Stage / label
- Series A
- Amount
- $10M
- Confidence
- Reported
Company / target: Sirdab
Lead: Elm , BECO Capital
Participants: Y Combinator
Sources: wamda.com
Elucid raises $55M Series D
Company-confirmed oversubscribed Series D. Total funding about $185M. Unnamed fourth publicly traded strategic. IAG Capital Partners and Elevage Medical Technologies named. No valuation.
- Event type
- Funding Round
- Event date
- Sep 2, 2026
- Stage / label
- Series D
- Amount
- $55M
- Confidence
- Company Disclosed
Company / target: Elucid
Participants: IAG Capital Partners , Elevage Medical Technologies
Sources: elucid.com
Zeit AI raises €4.3M seed
EU-Startups headline and body use €4.3 million ($5 million). Some recaps print €5M. YC, Oxford Seed Fund, Sequoia Scout, ACE Ventures, Hasso Plattner VC. No valuation. No /fund/ for those names except YC.
- Event type
- Funding Round
- Event date
- Sep 3, 2026
- Stage / label
- Seed
- Amount
- €4.3M
- Confidence
- Reported
Company / target: Zeit AI
Participants: Y Combinator , Hasso Plattner VC
Sources: eu-startups.com
September 3–4, 2026 is the day the Hugging Face talks became a signed agreement. Nvidia agreed to acquire Hugging Face for $12.93 billion. Not closed. Expected close H1 2027.
This index does not re-litigate open PR #135 (Wonderful, Crusoe, Gimlet, Upwind, Ultrahuman, Guardio, Huskeys, iPronics) or merged PR #134.
Deal table
| Company | Amount | Stage | Lead / core | Why it matters | Deep dive |
|---|---|---|---|---|---|
| Hugging Face | $12.93B | Acquisition (agreed) | Nvidia | Huang price + 8-K split. Not closed. | Article |
| Sirdab | $10M | Series A | Elm + BECO (Wamda) | YC W23. Company: profitable, 20× since batch. No valuation. | Below |
| Elucid | $55M | Series D | Unnamed public strategic; IAG / Elevage | Company. Total ~$185M. No valuation. FFR-CT still under FDA 510(k). | Below |
| Zeit AI | €4.3M | Seed | YC + Oxford Seed + HP VC | EU-Startups body. Some recaps say €5M. | Below |
| Hivebotics | $6M | Series A | Vertex Ventures SEA & India | Singapore restroom robots. Business Times Sep 4. | Roundup |
| Resect AI | $25M | Unnamed | Undisclosed PE | Company PR. No named VCs. No valuation. | Roundup |
| Octave.energy | €10M | Series A + debt | SPDG Growth | Belgian BESS. Company: profitable 3 years; €16M 2025 revenue (Belgian press). Mixed instrument. | Roundup |
Theme 1 — Open-model infrastructure got a buyer with a price
The August rumor list said Nvidia / Hugging Face was talks. It is now a definitive agreement. Price quality is higher than Stripe–OpenRouter ($7.5B is still NYT). Close quality is the same: not closed. Nvidia’s larger 2025 print remains Groq at ~$20B.
Same week Nvidia joined iPronics — a $125 million optics round, not this deal.
Theme 2 — YC tape that is not AfterQuery
- Sirdab $10M Series A (Wamda, Sep 3): Riyadh cloud warehousing, YC Winter 2023. Co-led by PIF-backed Elm and returning BECO Capital; YC, COTU, D Global also named. Wamda: 20× revenue since YC and profitability; 850+ businesses; 120+ warehouses. No valuation. No
/fund/for Elm or BECO. YC’s own company page still shows older warehouse counts — use Wamda for the round. - Zeit AI €4.3M (EU-Startups, Sep 3): Munich Palantir-alumni “autonomous data engineer.” Body: €4.3 million ($5 million). Headline slug says €5M. Treat €4.3M as the article’s number. Sequoia Scout is not
/fund/sequoia. CEO says they could run profitably (LinkedIn via EU-Startups) — that is not a audited P&L.
Theme 3 — Named Series D without a mark
Elucid $55M Series D (company, Sep 2): Boston cardiovascular AI. Plaque-IQ is FDA-cleared; BioIntegrated FFR-CT is under 510(k) review. Fourth unnamed publicly traded strategic. IAG Capital Partners and Elevage (Patient Square platform) named. Total funding ~$185 million. No valuation. No directory /fund/.
Roundup-only / easy to mix up
- Hivebotics $6M Series A (Business Times, Sep 4): Vertex Ventures Southeast Asia & India; Fareast Land; Rigel. Too small for a standalone.
- Resect AI $25M (PR Newswire, Sep 3): Washougal/Seattle “accountability layer.” Private-equity investors unnamed. No stage, no valuation, no customers in the release. Adjacent to HiddenLayer only as AI-security color — do not merge the stories.
- Octave.energy €10M (Engineeringnet / Made in, Sep 3–4): equity plus flexible debt. SPDG Growth lead; imec.istart, BNP Paribas Fortis, KBC. Company via Belgian press: three years profitable, €16 million 2025 revenue, 200 MWh deployed. Not Octave Intelligence plc. No
/fund/for SPDG. - Wonder (food) 150 jobs (NY Post, Sep 3): Marc Lore; 7% of staff; after a July $650 million round at $9 billion (NY Post). Not Wonderful.ai (Amsterdam, $550M Series C).
- Axle $17.5M Series A — August 11 company close. Sep 3 aggregators reprinted it. Already on
/startup/axle. No action. - Uber 3,300 jobs (Fortune, Sep 3): public-company opex, not a VC close.
Still owned elsewhere
- Wonderful $550M / $5B press, Crusoe, Gimlet, Upwind, Ultrahuman, Guardio, Huskeys, Fluidstack, HiBob — open PR #135.
- Console $500M reported, iPronics $125M — September 2–3 Wonderful/Console index.
- Thyme Care / Lyte / HiddenLayer / Conveo / Aitan / HyImpulse — merged PR #134.
- Félix / AIR / Light / SciFin / Empirik / Aslan / Tripo — open PR #131.
Next day index: September 4–5 XDOF / Nscale. Month hub: September 2026 VC news. YC Demo Day remains September 10.
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Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.
