· Investment Strategies · 2 sources · Updated · Verified
September 4–5 VC News: XDOF $1.2B Talks, Nscale $3.5B Pre-IPO Ask
TechCrunch’s September 4 tape: XDOF in late-stage Series B talks at about $1.2 billion (8VC; amount unknown) and Nscale shopping about $3.5 billion of pre-IPO paper ($1.5 billion converts plus $2 billion Nvidia). Neither is a company close.
Editorial team
September 4–5, 2026 added two talks prints, not two closes. XDOF is being marked at about $1.2 billion. Nscale is shopping about $3.5 billion of pre-IPO paper. Both stories are TechCrunch / Bloomberg-via-TC. Neither company confirmed a close.
Deal table
| Company | Amount | Stage | Lead / core | Why it matters | Deep dive |
|---|---|---|---|---|---|
| XDOF | $1.2B mark | Series B talks | 8VC | Amount unknown. Last print $70M (June). | Article |
| Nscale | $3.5B ask | Pre-IPO talks | Nvidia $2B line + $1.5B converts | Not equity. $103B is projected leases. | Article |
Theme 1 — Physical-AI data got a talks unicorn clock
XDOF is the robot-data vendor Thrive, a16z, Spark, and Lux already sat on in June. September’s print is 8VC leading talks, not a company post. Same week Lyte closed $165 million at $1.6 billion (September 2–3 health/robotics index) — that is a different job (sensing silicon). AfterQuery is the other amount-unknown data-supply mark this month.
Theme 2 — AI-factory paper is not a Series C
Nscale is asking for convertibles plus Nvidia financing ahead of a possible September listing. Last company equity is the $1.1 billion Series B dated September 25, 2025. The ~$45 billion Anthropic offtake is August 26 press. Do not add those lines into current revenue.
Same Nvidia week: Hugging Face is agreed, not closed.
Roundup-only / owned elsewhere
- Hivebotics $6M Series A (Business Times, Sep 4) — already on the Sep 3–4 index. Standalone lives on the Sep 4–5 industrial index.
- Atira $15M+ Accel seed, Octave.energy €10M, Sirdab standalone, HiBob $166M — Sep 4–5 industrial index.
- Wonderful / Crusoe / Gimlet / Upwind / Ultrahuman / Guardio / Huskeys / iPronics / Fluidstack — Sep 2–3 Wonderful/Console index.
- Molagri $1.0M pre-seed (YC S26; Signalbase Sep 4) — too small.
- Sharpa $670M / $3.3B recap (Caproasia Sep 5) — August close. Aggregator date is not a new round.
- iPremom €15M seed (EU-Startups, Sep 2) — prior-window EU diagnostics; no directory fund pages.
Month hub: September 2026 VC news. YC Summer 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.
