M12 is Microsoft's corporate venture capital fund, formerly known as Microsoft Ventures. It invests in early-stage technology companies disrupting the enterprise, with focus areas including AI, cloud infrastructure, cybersecurity, and developer tools, leveraging Microsoft's resources to accelerate portfolio company growth.
Average disclosed round size is $214.5M (across 209 rounds with reported amounts).
Portfolio
184
Fund Size
—
Top Stage
Series A
Last 12 Mo
25
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
249 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Neubird AI | Series A | $19.3M | Apr 2026 |
 Lace Lithography | Series A | $40M | Mar 2026 |
| KKnox | Series A | $25M | Mar 2026 |
 Knox | Series A | $25M | Mar 2026 |
 Didero | Series A | $30M | Feb 2026 |
 Didero | Series A | $30M | Feb 2026 |
 Entire | Seed | $60M | Feb 2026 |
 Databricks | Growth | $5B | Feb 2026 |
 Neurophos | Series A | $110M | Jan 2026 |
 Photonic | Growth | — | Jan 2026 |
 Wayve | Series D | $1.2B | Jan 2026 |
 Cinder | Series B | $41M | Jan 2026 |
 Auctor | Series A | $20M | Jan 2026 |
 Mate Security | Series A | $35M | Jan 2026 |
| Didero | Series A | $30M | Jan 2026 |
 Etalytics | Series A | — | Dec 2025 |
 Outset | Series B | $30M | Dec 2025 |
| Lace Lithography | Series A | — | Dec 2025 |
 Flywheel | Series B | $27.5M | Dec 2025 |
 Anthropic | Growth | — | Nov 2025 |
 d-Matrix | Series C | $275M | Nov 2025 |
 Inception | Seed | $50M | Nov 2025 |
 Sola Security | Series A | $35M | Oct 2025 |
| Etalytics | Series A | — | Oct 2025 |
 Fortera | Unknown | — | Sep 2025 |
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Top Co-Investors
Lightspeed Venture Partners13 shared
NVentures12 shared
Tiger Global Management, LLC12 shared
SoftBank Vision Fund12 shared
Salesforce Ventures12 shared
Mayfield Fund11 shared
Insight Partners10 shared
GV10 shared
Madrona Venture Group9 shared
Workday Ventures9 shared
Scale Venture Partners8 shared
Y Combinator8 shared
Felicis7 shared
Khosla Ventures7 shared
Intel Capital7 shared
Sequoia Capital7 shared
Battery Ventures7 shared
Capital One Ventures7 shared
Gaingels7 shared
OMERS Ventures7 shared
Last updated: 9 September 2026