Norwest pushes deeper into AI with new $4B fund
Image: TechCrunch
TLDRNorwest has raised its largest fund yet at $4 billion, aiming to capitalize on AI startups developing products and services across core industries like consumer, healthcare, and technology with a broad, multi-country investment approach.
Norwest, a firm backed solely by Wells Fargo, has raised a $4 billion fund as it sets out to invest more in AI. This is the eighteenth fund for the 65-year-old multi-stage investment firm, and its largest to date.
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