Norwest Venture Partners

Norwest Venture Partners was founded in 1961, making it one of the oldest US venture firms. Fund XVII raised around $3B+ in 2024, taking total AUM above $12.5B. The mandate spans early-stage venture through late-stage growth equity across enterprise, healthcare, consumer, fintech, proptech, and AI, with offices in Palo Alto, India, and Israel. The firm has backed 700+ portfolio companies. Notable AI infrastructure names include LlamaIndex in enterprise AI workflows, VAST Data in storage and data infrastructure, and Sedai in AI operations.