M12

Activity from announced rounds

Activity in this selectionOct 18, 2026 · Jul 21, 2026

M12 is Microsoft’s venture capital fund, investing from seed through Series B in AI applications, AI security, cloud infrastructure, data operations and foundational enterprise technologies.

Its investment strategy is closely aligned with Microsoft. The fund works to connect portfolio companies with customers, commercial opportunities and relevant Microsoft teams rather than offering capital as an isolated relationship.

Its work with Inworld included connections to Xbox and other game studios. That illustrates how a corporate investment relationship can help a startup reach a particular product ecosystem and the companies building within it.

Sources
Rounds participated in
7
Confirmed lead rounds
0
All roles disclosed
New companies
7
First participation on record · 0 follow-on
Funding in participating rounds
$627.5M
6 disclosed · full round size, not this investor’s share

By stage

Series B6
Seed1

By primary sector

AI4
Cybersecurity1
Fintech1
Robotics1

By country

United States6
United Kingdom1

Rounds

7 in this selection
Mecka

Data collection, evaluation and integration infrastructure for teams training robots and deploying them in commercial environments.

$60MSeries B
Participant
Stuut

AI software for finance teams that follows up on invoices, resolves payment disputes and matches incoming payments to receivables.

$52.5MSeries B
Participant
Nous Research

Open-source AI models and the Hermes agent, which retains project memory and reusable skills across tasks.

$90MSeries B
Participant
Mantic

An AI forecasting company that produces probability-based outlooks on global events to help business and government decision-makers anticipate risks and opportunities.

$25MSeed
Participant
Arcee AI

Open-weight language models and deployment tools that let organizations adapt and run AI on infrastructure they control.

≥$150MSeries B
Participant
Gimlet Labs

Provides a cloud inference platform and compiler that distribute AI workloads across different processor types.

$300MSeries B
Participant
HiddenLayer

HiddenLayer sells cybersecurity software built specifically to protect AI models, agents and applications. Its platform discovers AI assets, scans models and their supply chains, tests for adversarial attacks and monitors deployed systems for threats across the AI development and operating lifecycle.

$100MSeries B
Participant