Norwest pushes deeper into AI with new $4B fund
Norwest’s AI targets span robotics, voice, cybersecurity and the infrastructure behind AI applications.
The Wells Fargo-backed firm’s eighteenth fund is its largest, with investments planned across sectors and markets including the United States, India and Israel. Norwest highlighted early-stage companies building AI-native applications, infrastructure and domain-specific models. Recent bets include Coval, which tests and evaluates AI agents, and Generalist AI, which builds foundation models for robots. The firm has made more than 87 investments since closing its previous $3 billion fund in 2024.
TechCrunch AI's note
The Wells Fargo-backed firm’s eighteenth fund is its largest, with investments planned across sectors and markets including the United States, India and Israel. Norwest highlighted early-stage companies building AI-native applications, infrastructure and domain-specific models. Recent bets include Coval, which tests and evaluates AI agents, and Generalist AI, which builds foundation models for robots. The firm has made more than 87 investments since closing its previous $3 billion fund in 2024.
TechCrunch AI's note
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