Investors / United States / M12
M12
Corporate VC · San Francisco, CA, United States · North America
M12 is Microsoft's corporate venture capital arm, investing in startups and partnering with them through connections to Microsoft. It describes its mission as accelerating the future of technology through investments, insights, and partnership with Microsoft.
Invests inAI & Machine LearningCybersecurity
In its own wordsartificial intelligenceenterprise softwarecloud infrastructurecybersecuritydatadeep tech
Your fit with M12
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsM12 lists 62 checked portfolio companies on its own site and is named in 34 funding rounds, 4 of them as lead. Its most frequent entry is Series A, 47% of the companies with a known first round. Its largest themes are AI & Machine Learning (38%), Cybersecurity (21%) and Enterprise Software (12%). 84% of its companies are based in United States. It invests most often alongside Y Combinator, Felicis and Lightspeed Venture Partners.
Counts come from funding rounds that name M12, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Entry stage
share of companies by the stage of its first roundShow as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 13% |
| Series A | 47% |
| Series B | 31% |
| Growth | 9% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 1 | 0 |
| '21 | 0 | 0 |
| '22 | 0 | 0 |
| '23 | 0 | 0 |
| '24 | 2 | 1 |
| '25 | 11 | 3 |
| '26 | 20 | 0 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 89th | 62 companies |
| Recent activity | 99th | 22 rounds in 12 months |
| Early stage | 55th | 13% of entries at pre-seed or seed |
| Evidence | 68th | 6% of companies confirmed by a round |
| Sector focus | 70th | 38% in its largest sector |
| Reach | 84th | 6 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| AI & Machine Learning | 38% | 18% |
| Cybersecurity | 21% | 4% |
| Enterprise Software | 12% | 8% |
| Healthcare & Biotech | 6% | 15% |
| Industrial & Manufacturing | 6% | 7% |
| Fintech | 5% | 12% |
| Space & Defense | 3% | 3% |
| Robotics & Hardware | 3% | 1% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Y Combinator | 6 |
| Felicis | 5 |
| Lightspeed Venture Partners | 5 |
| IQT | 4 |
| Radical Ventures | 4 |
| AI Grant | 3 |
| Alumni Ventures | 3 |
| Battery Ventures | 3 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers5995%
- No longer answers00%
- Points to another company35%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherCompare M12 head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Recent portfolio activity
when companies last raised with M12| Date | Company | Stage |
|---|---|---|
| 13 Oct 2026 | Series B | |
| 7 Oct 2026 | Series B | |
| 7 Oct 2026 | Series B | |
| 18 Sept 2026 | Seed | |
| 16 Sept 2026 | Series B | |
| 4 Sept 2026 | Series B | |
| 2 Sept 2026 | Series B | |
| 28 Jul 2026 | Series A |
Round details for M12
Amounts, full round histories and every co-investor in M12's rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
62 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| The company pioneers small and large molecule therapeutics discovery by integrating massive multimodal data, frontier AI models, and high-throughput lab automation into an infrastructure for AI-enabled drug discovery. | Healthcare & Biotech | Portfolio page | ||
| Acerta provides a manufacturing quality platform that uses AI to identify and resolve defects early in the production process | AI & Machine LearningIndustrial & Manufacturing | Portfolio page | ||
AI & Machine LearningAI & Machine Learning | Portfolio page | |||
CybersecurityAI & Machine Learning | Portfolio page | |||
| Allstacks provides a platform for product management and software development using AI agents to plan, manage, measure, and optimize software creation. | Enterprise SoftwareAI & Machine Learning | Portfolio page | ||
| Andor Health develops and provides virtual health solutions that optimize collaboration and communication workflows for care teams and patients using artificial intelligence and machine learning | Healthcare & Biotech | Portfolio page | ||
| Aqua Security provides cloud native and AI application security solutions to protect workloads and containers across various environments. | CybersecurityAI & Machine Learning | Portfolio page | ||
| Arcee develops and releases open-weight AI models | AI & Machine LearningEnterprise Software | Sept 2026Series B | Page + round | |
| Arize provides an agent observability, evaluation, and improvement platform for AI teams | AI & Machine LearningEnterprise Software | Portfolio page | ||
| Arkose Labs provides a platform to decide which AI agents to trust and stop fraud | CybersecurityFintech | Portfolio page | ||
| Armada provides ruggedized modular data centers and edge computing hardware and software for deploying GPU infrastructure in remote and demanding environments. | Enterprise SoftwareIndustrial & Manufacturing | Jul 2025Series B | Page + round | |
| At-Bay provides cyber insurance and security services to protect against cyber attacks and minimize disruption. | CybersecurityFintech | Portfolio page | ||
| The company provides an AI-powered workforce transformation platform | AI & Machine LearningHuman Resources | Portfolio page | ||
| Portfolio page | ||||
| Bluevine provides online business banking solutions and services, including business checking, loans, and payment acceptance tools. | FintechFintech | Portfolio page | ||
| Portfolio page | ||||
| Builder.io provides a collaborative platform for building software with AI agents | AI & Machine LearningEnterprise Software | Portfolio page | ||
| Cerebri AI delivers a trusted digital workforce using AI agents for travel, expense, and procurement teams | AI & Machine LearningFintech | Portfolio page | ||
| Cinder provides trust and safety operations for AI platforms to protect against abuse, fraud, and manipulation. | AI & Machine LearningCybersecurity | May 2026Series B | Funding round | |
| ClearMotion develops and manufactures advanced suspension systems for vehicles | Mobility & LogisticsIndustrial & Manufacturing | Portfolio page |
About this data
site last read 12 Nov 2026- Site
- m12.vc
- Last read
- 12 Nov 2026
- Watching since
- 5 Nov 2026
- Rounds since
- 16 Jan 2020
- Companies checked
- 62
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
Get M12's profile as data
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