960 Cold Start Problem

Does it have fuel? Spark? Do a bit of troubleshooting to narrow it down, otherwise it's a shot in the dark.

Not sure about the cold start valve.

So the injectors are actually injecting fuel? Or is it just that the pump is running?

I was surprised myself as I expected to smell fuel. But I did not. After 10 minutes of cranking I pressed 3 mm on the gas pedal and it started with one cylinder and than all the rest joined in.