M12 (Microsoft's Venture Fund)

M12 is Microsoft's corporate venture capital fund investing in early-stage enterprise technology companies across AI/ML, cloud infrastructure, cybersecurity, developer tools, and vertical SaaS. The fund operates from an evergreen balance-sheet vehicle and takes a thesis-driven approach tightly integrated with Microsoft's internal product teams, steering portfolio companies into Microsoft product integrations, co-selling motions, and Azure partnerships. M12 focuses on areas where Microsoft's cloud, security, and distribution footprint can be a decisive accelerator for portfolio companies.