Norwest pushes deeper into AI with new $4B fund

Norwest has raised a $4 billion fund, its eighteenth and largest to date, to expand its investments in AI startups across sectors like consumer, healthcare, and technology. The multi-stage firm plans to target early-stage companies building AI-native application and infrastructure, physical AI, domain-specific models, and cybersecurity solutions. Jeff Crowe, a senior managing partner, stated that the firm is taking a broad approach because AI transformation has the potential to touch most layers of enterprise and consumer solutions. Open article →