![]() He was an early investor and a board member of FireEye (Nasdaq: FEYE), Cerent (acquired by Cisco), Cast Iron Systems (acquired by IBM), Cyan (NYSE: CYNI), Siara Systems (acquired by Redback Networks), OnDisplay (acquired by Vignette), Winphoria Networks (acquired by Motorola) and Extreme Networks (Nasdaq: EXTR). His current investments include Brite Semiconductor, CognitiveScale, Copper, Dtex Systems, Obsidian Security, PCH International, Prevedere, Simpplr, SlashNext, Sulekha, TrustLogix, Vanu, and ZineOne. Promod focuses on investments across a wide variety of sectors including systems and IT infrastructure, healthcare IT, software, and services. ![]() Promod was the founding investor and Chairman of the Board of Virtela, which is a company that Norwest incubated. In addition, NTT Communications acquired Virtela for a total transaction price of $525 million. Recent liquidity events in Promod’s portfolio include Health Catalyst (Nasdaq: HCAT), provider of data and analytics technology and services to healthcare organizations, online fraud and abuse prevention leader Shape Security (acquired by F5 for $1B), API management leader Apigee (acquired by Google Nasdaq: APIC) cybersecurity leader FireEye (Nasdaq: FEYE) Skybox Imaging, a commercial high-resolution satellite imagery, high-definition video and analytics services company that was acquired by Google for $500 million and cloud security leader Palerra, which was acquired by Oracle. In 2006, Promod was presented with a Global Leadership award from NASSCOM, and he was honored with the 2011 SV Forum Visionary Award based on his outstanding achievements and contributions to the technology industry. 2017 marked Promod’s thirteenth appearance on the annual Forbes Midas List, including 2004, when he was ranked the #1 venture capitalist based on performance over the previous decade. In 20, Forbes recognized Promod as a “Hall of Fame” investor. His investments have been worth more than $40B in aggregate exit value to date, as 25 of his portfolio companies have gone public and 37 have been acquired (or have gone public and been acquired). ![]() Promod joined Norwest in 1990 and has invested in more than 70 companies since he began his venture career. Promod has 31 years of experience in the venture capital industry and currently serves as a managing partner at Norwest Venture Partners.
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