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 $180.5M (across 262 rounds with reported amounts).
Portfolio
200
Fund Size
—
Top Stage
Series A
Last 12 Mo
22
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
309 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 nEye | Series C | $80M | Apr 2026 |
 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 |
| PPhotonic Inc. | 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 |
| nEye | Series C | $80M | Jan 2026 |
| Didero | Series A | $30M | Jan 2026 |
 Auctor | Series A | $20M | 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 |
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Top Co-Investors
Y Combinator22 shared
Lightspeed Venture Partners20 shared
Tiger Global Management, LLC15 shared
Salesforce Ventures15 shared
NVentures14 shared
Mayfield Fund14 shared
Insight Partners13 shared
SoftBank Vision Fund12 shared
Menlo Ventures12 shared
GV12 shared
Madrona Venture Group11 shared
India Quotient11 shared
Workday Ventures10 shared
Sequoia Capital10 shared
Battery Ventures10 shared
Gaingels10 shared
Techstars10 shared
General Catalyst9 shared
Andreessen Horowitz9 shared
OMERS Ventures9 shared
Last updated: 27 September 2026