Reuters said Shanghai Enflame Technology (688801.SS) raised 6.12 billion yuan ($912 million) on September 11, 2026, and closed up 179%. Tencent is the largest shareholder and accounted for 83.79% of 2025 revenue. The company lost 1.16 billion yuan on 990.2 million yuan of sales. First-day cap is not a diligence mark.
Pinegrove Venture Partners announced the final close of Strategic Investors Fund XII at $1.5 billion on September 10, 2026. The vehicle is fund-of-funds plus co-invest across Early and Scale sleeves. $15 billion-plus is platform AUM, not this fund. Named LP: Florida State Board of Administration.
Bloomberg said TAR raised $120 million Series A led by Spark Capital at about $1 billion on September 10, 2026. That is roughly 2× the $500 million seed mark Soenke told Business Insider in June. The Series A print did not name a customer or print revenue. June’s 20 MW neocloud delivery was a deadline, not a confirmation.
Spectrum Equity led Xapien’s $56 million Series B on September 11, 2026. The AI due-diligence platform claims 350%+ ARR growth over 24 months, 350 clients in 15 countries, and half of revenue already from the U.S.
Motive secured more than $1.3 billion from General Catalyst’s Customer Value Fund on September 10, 2026, crossed $600M ARR at 30% growth, and withdrew its December 2025 S-1. Valuation and CVF instrument terms were not disclosed.
Sep 10 megaprints we deep-dive: Boring Company $3B, Positron $875M, Mach $600M extension, Maven Robotics $100M, Inspiren $70M, Luminary $22M, Graph AI $13.3M — plus Arlequin and Ayar briefs and what we skipped.
