Norwest Venture Partners, an investment firm backed by Wells Fargo, has raised $3 billion to invest in early- and late-stage startups. The Palo Alto-based firm focuses on consumer, enterprise and healthcare businesses. In an interview with PitchBook, Norwest parter Lisa Wu said the firm is also exploring investments in the crypto sector. Norwest’s past investments include online education...
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Chatbot Startup Character Seeks $250 Million, Testing Investor Appetite for AI
Character, an AI chatbot startup founded by two former Google researchers, has told investors it wants to raise as much as $250 million in new funding, according to two people with direct knowledge of the matter. The pitch will test investors’ appetite for machine-learning startups as Microsoft’s multibillion-dollar deal with OpenAI casts a halo over the sector. A funding round of...
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