![]() He was an early investor and a board member of Cerent (acquired by Cisco), Cast Iron Systems (acquired by IBM), Siara Systems (acquired by Redback Networks), OnDisplay (acquired by Vignette), Winphoria Networks (acquired by Motorola) and Extreme Networks (Nasdaq: EXTR). His current investments include Apigee, Appnomic Systems, Apprity, Brite Semiconductor, CareCloud, Cyan (NYSE:CYNI), FireEye (Nasdaq: FEYE), Health Catalyst, PCH International, Shape Security, Skybox Imaging, Sulekha, Veveo, Virtela and Yatra. Promod focuses on investments across a wide variety of sectors including systems and IT infrastructure, healthcare IT, software and services. ![]() API management leader Apigee also recently acquired predictive analytics company InsightsOne, on which Promod served as an early investor and board member. Promod is the founding investor and Chairman of the Board of Virtela, which is a company that NVP incubated. In addition, NTT Communications recently acquired Virtela for a total transaction price of $525 million. Recent liquidity events in Promod's portfolio include cyber security leader FireEye (NASDAQ: FEYE), which celebrated its initial public offering in 2013, and Skybox Imaging, a commercial high-resolution satellite imagery, high-definition video and analytics services company that was recently acquired by Google for $500 million. 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. 2014 marks Promod's tenth 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 2014, Forbes recognized Promod as a "Hall of Fame" investor. More than 20 of his portfolio companies have gone public and nearly 36 have been acquired (or have gone public and been acquired). Promod joined NVP in 1990, and has invested in more than 60 companies since he began his venture career, producing more than $40B in exit values to date. Promod has more than 20 years of experience in the venture capital industry and currently serves as senior managing partner at Norwest Venture Partners (NVP).
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