What is M12's most recent exit?

M12's most recent exit was Oosto, which was acquired by Metropolis Technologies for $125M in January 2025.

Which company did M12 exit in November 2024?

In November 2024, M12 exited RapidAPI, which was acquired by Nokia.

What was M12's exit in February 2024?

M12 exited Codefresh in February 2024, when it was acquired by Octopus Deploy for $40M.

What was M12's exit in January 2024?

In January 2024, M12 exited Authomize, which was acquired by Delinea.

What is M12's primary investment focus?

M12, formerly Microsoft Ventures, is a corporate venture capital subsidiary of Microsoft that invests in early-stage B2B companies, particularly those focused on cloud and edge technologies.

Who are some of the key team members at M12?

Key team members at M12 include Raz Bachar, Managing Director, and Irad Dor, Partner.

What are M12's preferred investment stages?

M12 invests across Pre-Seed, Seed, A Round, and B Round stages.

Which sectors does M12 focus on for investments?

M12 shows a strong concentration in Cyber Security and Business Software, with 10 and 6 portfolio companies respectively in these sectors.

M12

M12 is Microsoft's corporate venture capital arm, investing in early-stage technology companies aligned with Microsoft's strategic priorities.

Corporate VC San Francisco, United States Est. 2016

Last updated 2026-07-20

Portfolio

in our dataset

Rounds participated

Rounds led

Rounds' value

$910.5M

total disclosed, rounds participated

Stages

B Round, Pre-Seed, A Round, Seed

About

M12, formerly Microsoft Ventures, is the corporate venture capital arm of Microsoft. Founded in 2016, M12 invests in early-stage technology companies across various sectors including cloud infrastructure, artificial intelligence, cybersecurity, deep tech, and developer tools. The firm is headquartered in San Francisco, California, with a global presence including an office in Tel Aviv, Israel. M12's investment strategy focuses on achieving financial returns while providing portfolio companies with strategic support, access to Microsoft's resources, and opportunities for integration within Microsoft's ecosystem. M12 has a strong focus on the Israeli startup ecosystem, with a dedicated partner based in Tel Aviv to lead investments in the region.

Portfolio · 12

Zenity

Provider of governance and security solutions for low code applications and AI agents.

Led ★ 1 round $38.0M committed Latest: 2024-10

Zenthic AI

An AI security and governance platform purpose-built for AI agents.

1 round $38.0M committed Latest: 2024-10

FingerPrint

1 round $33.0M committed Latest: 2023-10

Groundcover

An eBPF-driven observability platform for modern architectures, built for the AI era.

Led ★ 1 round $5.0M committed Latest: 2021-08

At-Bay

At-Bay is an InsurSec provider that combines cyber insurance with cybersecurity technology to offer end-to-end protection for the digital age.

Led ★ 2 rounds $219.0M committed Latest: 2021-07

Flow

Provider of AI-enabled smart cart solution for offline retailers.

1 round $5.0M committed Latest: 2021-06

R Software Inc. (Rapid API)

The world's largest API Hub where developers find, test, and connect to thousands of APIs.

1 round $60.0M committed Latest: 2021-04

Xsight Labs

A fabless semiconductor company providing intelligent connectivity solutions for next-generation hyperscale, edge, and AI data center networks.

1 round $80.0M committed Latest: 2020-05

Trusona Inc.

Trusona is the identity impersonation detection company that builds ATO Protect to stop account takeovers before they lead to breaches, ransomware, or worse.

1 round $20.0M committed Latest: 2020-01

BlueVine

BlueVine is a digital banking platform offering checking, lending, and bill pay solutions for small businesses.

Led ★ 2 rounds $162.5M committed Latest: 2019-11

Navan

An AI-powered business travel and expense management platform.

1 round $250.0M committed Latest: 2019-06

AppsFlyer

A mobile attribution and marketing analytics platform that helps app marketers and developers maximize their return on marketing investments.

Led ★ 1 round Latest: 2012-09

Investment activity

5 portfolio exits on record.

Portfolio by sector

Cyber Security10

Business Software6

Industrial Technologies2

Fintech & Insurtech1

Health Tech & Life Sciences1

Aerospace, Defense & HLS1

Retail Platforms1

Media & Entertainment Technologies1

Q&A

What is M12's most recent exit?: M12's most recent exit was Oosto, which was acquired by Metropolis Technologies for $125M in January 2025.
Which company did M12 exit in November 2024?: In November 2024, M12 exited RapidAPI, which was acquired by Nokia.
What was M12's exit in February 2024?: M12 exited Codefresh in February 2024, when it was acquired by Octopus Deploy for $40M.
What was M12's exit in January 2024?: In January 2024, M12 exited Authomize, which was acquired by Delinea.
What is M12's primary investment focus?: M12, formerly Microsoft Ventures, is a corporate venture capital subsidiary of Microsoft that invests in early-stage B2B companies, particularly those focused on cloud and edge technologies.
Who are some of the key team members at M12?: Key team members at M12 include Raz Bachar, Managing Director, and Irad Dor, Partner.
What are M12's preferred investment stages?: M12 invests across Pre-Seed, Seed, A Round, and B Round stages.
Which sectors does M12 focus on for investments?: M12 shows a strong concentration in Cyber Security and Business Software, with 10 and 6 portfolio companies respectively in these sectors.

Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)

External links

LinkedIn	linkedin.com/company/18612750
YouTube	youtube.com/channel/UC0qZ0njlNbgf53zL644Ofpw

Identifiers & details

Legal name	M12 (Microsoft Ventures)
Founded	2016

Radar intelligence

Patents

EPO	7

Publications (Crossref)

Works	10