M12

Activity from announced rounds

Activity in this selectionAI

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
10
Confirmed lead rounds
0
5 roles undisclosed
New companies
10
First participation on record · 0 follow-on
Funding in participating rounds
$729.3M
9 disclosed · full round size, not this investor’s share

By stage

Series B4
Seed2
Series A2
Series C+1
Undisclosed1

By primary sector

AI8
Cybersecurity2

By country

United States9
United Kingdom1

Rounds

10 in this selection
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
nEye.ai

Develops integrated optical interconnects for AI data centers

$80MSeries C
Role not disclosed
NeuBird AI

Builds agentic AI for enterprise IT operations that automates incident detection and root cause analysis

$19.3MUndisclosed
Role not disclosed
Knox Systems

Provides AI-managed cloud for FedRAMP authorization

$25MSeries A
Role not disclosed
Didero

Uses AI agents to automate enterprise procurement for manufacturers and distributors

$30MSeries A
Role not disclosed
Entire

Offers tools to manage and review AI-generated code for developers

$60MSeed
Role not disclosed