---
title: "September 3–4 VC News: Nvidia–Hugging Face $12.93B Agreed"
description: "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)."
date: 2026-09-04T00:00:00.000Z
tags: ["2026-vc-news", "venture-capital", "startup-funding", "mergers-acquisitions", "y-combinator", "market-analysis"]
source: https://venturecapitaltracker.com/2026-september-3-4-investment-news-nvidia-hugging-face
---

# 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).

**September 3–4, 2026** is the day the Hugging Face **talks** became a **signed agreement**. Nvidia [agreed to acquire](/2026-nvidia-hugging-face-12-9b-acquisition) [Hugging Face](/startup/hugging-face) for **$12.93 billion**. **Not closed.** Expected close **H1 2027**.

This index does **not** re-litigate open [PR #135](https://github.com/advissor/cf-page-venturecapitaltrackercom/pull/135) (Wonderful, Crusoe, Gimlet, Upwind, Ultrahuman, Guardio, Huskeys, iPronics) or merged [PR #134](https://github.com/advissor/cf-page-venturecapitaltrackercom/pull/134).

## Deal table

| Company | Amount | Stage | Lead / core | Why it matters | Deep dive |
| --- | --- | --- | --- | --- | --- |
| [Hugging Face](/startup/hugging-face) | **$12.93B** | Acquisition (agreed) | Nvidia | Huang price + 8-K split. **Not closed.** | [Article](/2026-nvidia-hugging-face-12-9b-acquisition) |
| [Sirdab](/startup/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](/2026-stripe-openrouter-7b-reported) (**$7.5B is still NYT**). Close quality is the same: **not closed**. Nvidia’s larger 2025 print remains [Groq](/startup/groq) at **~$20B**.

Same week Nvidia **joined** [iPronics](/2026-ipronics-125m-series-b-nvidia-optics) — a **$125 million** optics round, not this deal.

## Theme 2 — YC tape that is not AfterQuery

- **[Sirdab](/startup/sirdab) $10M Series A** ([Wamda, Sep 3](https://www.wamda.com/2026/09/sirdab-raises-10-million-series-expand-gcc)): Riyadh cloud warehousing, [YC Winter 2023](/fund/y-combinator). 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](https://www.eu-startups.com/2026/09/yc-backed-zeit-ai-raises-e5-million-to-build-europes-autonomous-data-engineer/)): 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`](/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](https://elucid.com/elucid-raises-55-million-series-d/)): 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](/startup/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](https://nypost.com/2026/09/03/business/food-delivery-biz-wonder-slashes-150-jobs-to-invest-in-robotics/)): Marc Lore; 7% of staff; after a **July $650 million** round at **$9 billion** (NY Post). **Not** [Wonderful.ai](/startup/wonderful) (Amsterdam, $550M Series C).
- **Axle $17.5M Series A** — **August 11** company close. Sep 3 aggregators reprinted it. Already on [`/startup/axle`](/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](/2026-september-2-3-investment-news-wonderful-console-optics).
- 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](/2026-september-4-5-investment-news-xdof-nscale). Month hub: [September 2026 VC news](/2026-september-vc-news). YC Demo Day remains **September 10**.

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** September 4, 2026

**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.