TechCrunch · AI· Kirsten Korosec·· 21 h agoAI score38
Norwest raises $4B fund to expand AI investing
Norwest pushes deeper into AI with new $4B fund
AI summary
Norwest has raised a $4 billion fund, its eighteenth and largest to date, to expand investments in AI. The Wells Fargo-backed firm plans to back AI startups across consumer, healthcare and technology, and to deepen bets on physical AI, voice AI, agentic cybersecurity and aerospace. Since its $3 billion seventeenth fund closed in 2024, Norwest has made more than 87 investments.
Source:TechCrunch · AI · techcrunch.com