M12 (Microsoft's Venture Fund) — 2025 Investments

Arize provides observability and evaluation tools for AI systems and large language models, enabling development teams to monitor, debug, and improve AI agents in production.

AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareMill Valley, US

ADAPARNA DHINKARAN(Director)JLJason Lopatecki(Founder)inADAparna Dhinakaran(Founder)in

BoardDTDHARMESH THAKKER(Director)inBWBrett Wilson(Director)inMORGAN GERLAK(Director)

Co-investorsBABattery VenturesCOCollective LiquidityEVEvolution Equity PartnersFOFoundation CapitalNINimble PartnersOMOMERS Ventures+8 more

버클리컨설팅(Berkeley Consulting) offers a website-building service where clients see an actual first-draft homepage in their browser within two days before paying, then pay a fixed price of 990,000 KRW only if satisfied.

Marketing TechSaaS

Co-investorsRPRPS Ventures

Edera builds products focused on secure computing.

Cloud ComputingCybersecurityDeveloper ToolsSeattle, US

Emily Long(Founder)inAZAlex Zenla(Founder)inAriadne Conill(Founder)Marco Miraglia(Founder)in

BoardHADLEY HARRIS(Director)JAMES WU(Director)

Co-investors64645 VenturesENEniac VenturesFPFPVGEGenerationshipINIn-Q-TelMAMantis Capital+2 more

Fastino is an applied research lab developing specialized small language models and APIs for structured data extraction, classification, reasoning, and production AI workflows.

AI & Machine LearningData & InfrastructureDeveloper ToolsPalo Alto, US

Ashley Lewis(Executive Officer, Director)ALAsh Lewis(Founder)inGHGeorge Hurn-Maloney(Founder)in

BoardGMGeorge Mathew(Director)in

Co-investorsDEDeepwater Asset ManagementLOLoup VenturesDRDropbox VenturesINInsight PartnersKHKhosla VenturesNENew Enterprise Associates (NEA)+1 more

Knox Systems helps software companies navigate FedRAMP compliance and secure federal government contracts.

Cloud ComputingCybersecurityGovTechSaaSAustin, US

IDIrina Denisenko(Executive Officer, Director)inWilliam Christopher Johnson(Executive Officer, Director)

BoardVFViviana Faga(Director)inCLCarrie Lee(Federal Advisor)DEDavid Epperson(Federal Advisor)CTChad Tetrault(Federal Advisor)

Co-investorsB B Capital GroupB4B4 CapitalFEFelicis VenturesB B CapitalBEBenchstrength PartnersFIFirsthandVC+3 more

Outset is an AI-powered research platform that combines conversational AI, behavioral intelligence, and emotional analysis to conduct moderated research interviews and synthesize consumer insights at scale across multiple languages and countries.

AI & Machine LearningData & InfrastructureEnterprise SoftwareMarketing TechSaaSSan Francisco, US

ACAaron Cannon(Founder)inMHMichael Hess(Founder)inLauren Bryant(Recruiter)Mark Lagman(Sourcer)

Co-investors8V8VCADAdverb VenturesFUFuture Back VenturesMAMaiora Rebel VenturesMUMute VenturesPIPioneer+12 more

PsiQuantum builds fault-tolerant quantum computers using photonic qubits and semiconductor manufacturing processes.

Deep TechHardwareQuantum ComputingSemiconductorsMoreton Bay, AU

PTProf. Terry Rudolph(Co-founder & Chief Architect)DPDr. Pete Shadbolt(Co-founder & Chief Scientific Officer)inPMProf. Mark Thompson(Co-founder & Chief Technology Officer)JOJeremy O'Brien(Co-founder & Executive Chairman)inVPVictor Peng(Chief Executive Officer)inMark Thompson(Founder)

Co-investorsATAtomicoBLBlackbird VenturesC4C4 VenturesCOCold Start VenturesFOFOG VenturesFOFounders Fund+38 more

Reach provides a platform for organizations to identify and remediate hidden security risks, exposures, and misconfigurations across their existing security tools.

AI & Machine LearningCybersecurityEnterprise SoftwareSan Francisco, US

GHGarrett Hamilton(Founder)inCBColt Blackmore(Founder)in

BoardGEGregory Eaton(Founder & Managing Director)in

Co-investorsARArtisanal VenturesBABallistic VenturesCHCheyenne VenturesINIn-Q-TelRIRidge VenturesTETechOperators Venture Capital+2 more

RegScale provides an AI-powered governance, risk, and compliance (GRC) platform that automates compliance workflows and continuous controls monitoring for DevSecOps and cloud-native environments.

CybersecurityDeveloper ToolsEnterprise SoftwareTysons, US

THTravis Howerton(Co-Founder & CEO)inAKAnil Karmel(Co-Founder)inMNMichael Needel(Executive Officer)inEEEric Erston(Executive Officer, Director)in

BoardMina Faltas(Director)ACArt Coviello(Director)in

Co-investorsANAnkona CapitalHIHitachi VenturesSISINEWAVE VENTURESSYSyn Ventures Seed Management LlcWAWashington Harbour PartnersHIHitachi, Ltd.

SGNL provides privileged identity management and access control solutions for enterprises, helping CISOs manage and secure access to sensitive information across human and non-human identities.

CybersecurityEnterprise SoftwarePalo Alto, US

SKScott Kriz(Founder)inEGErik Gustavson(Founder)in

BoardGregory Sands(Director)Stephen Ward(Director)Andrew Peterson(Director)

Co-investorsAVAviso VenturesBRBrightmindCICisco InvestmentsCOCostanoa VenturesFIFikaMOMoonshots Capital+2 more

Sola is an AI-first enterprise security platform that connects a company's existing security and business tools to maintain a unified graph of identities, hosts, cloud resources, SaaS apps, and AI agents, letting practitioners query their stack in natural language and get evidenced answers.

AI & Machine LearningCybersecurityEnterprise SoftwareTel Aviv, IL

GFGuy Flechter(Founder)inRPRon Peled(Founder)inGuy Flechter Ron Peled(Founder)

Co-investorsGLGlilot Capital PartnersNENew Era Capital PartnersS3S32SESeven Hill VenturesS S CapitalSESection 32+1 more

Upscale offers an AI platform that generates TV commercials and performance creative for brands advertising on connected TV (CTV) and streaming channels, handling creative production, media buying, and measurement.

AdTechAI & Machine LearningMarketing Tech

RKRajiv K.(Founder)in

Co-investorsENEniac VenturesNVNVP CapitalMAMaverick SiliconNENewark Venture PartnersNVNVIDIAPRPremji Invest+5 more