M12, formerly known as Microsoft Ventures, is Microsoft's corporate venture capital subsidiary, established in 2016. The fund focuses on investing in early-stage companies that are transforming the way the firm live and work. With a strategic emphasis on sectors such as cloud infrastructure, enterprise applications, developer tools, deep tech and AI, cybersecurity, and Web3 + gaming, M12 aims to accelerate the growth of innovative startups by leveraging Microsoft's extensive resources and ecosystem.

The fund has invested in over 100 companies, including 15 unicorns and 6 IPOs, demonstrating its commitment to fostering technological advancement and entrepreneurship.