M12 - Microsoft's Venture Fund

M12 - Microsoft’s venture fund, invests in early-stage enterprise software companies with a focus on AI, cloud infrastructure, cybersecurity, developer tools, vertical SaaS, and Web3/Gaming. Since 2016, M12 has invested in over 100 companies, helping startups accelerate growth with unparalleled access to Microsoft.

Past deals in Open Source

Mermaid Char

Seed Round in 2024
Mermaid Chart, founded by Knut Sveidqvist and Open Core Ventures, emerged from the Mermaid open-source project. Lead developers from Mermaid have joined, strengthening the project's connection. Mermaid Chart bolsters open-source Mermaid development, enabling professional usage, while maintaining open-source functionality. It supports Mermaid significantly, but also offers commercial services to fund project growth and expand the developer team.

SynthLabs

Seed Round in 2024
SynthLabs is a research lab dedicated to advancing transparent and auditable AI alignment. It operates as a software development company, offering solutions to help businesses ensure their artificial intelligence systems behave according to intended purposes.

Unstructured

Series A in 2023
Unstructured is a developer of an open-source data transformation platform that simplifies the process of converting raw data, such as PDFs and Microsoft Office documents, into formats compatible with language models. The platform supports over 25 file types, including PDF, DOC, and PPTX, and offers connectors to various systems like SharePoint, S3, and Databricks. By facilitating effortless data extraction and integration into AI workflows, Unstructured enhances the accessibility of human-generated information, ensuring that it is readily available for generative AI systems. Its modular architecture allows users to incorporate any third-party model, making it a versatile solution for preprocessing natural language data for machine learning applications.

ToolJet

Venture Round in 2023
ToolJet is an open-source low-code framework designed for the rapid development and deployment of custom internal tools. The platform streamlines the creation of these tools by utilizing pre-built components, allowing users to build effective solutions in minutes. ToolJet's capabilities include connecting to various databases, services, cloud storage, and custom API endpoints, enabling users to easily fetch data and perform actions without extensive engineering effort. By simplifying the process, ToolJet empowers organizations to create tailored internal applications efficiently.

Isovalent

Series B in 2022
Isovalent develops open-source software and enterprise solutions for cloud-native networking, security, and observability. Its flagship product, Cilium, enables enterprises to connect, monitor, and secure workloads in modern environments. Isovalent serves leading global organizations and has offices in Cupertino, CA and Zurich, Switzerland.

Webiny

Seed Round in 2021
Webiny designs and develops an open-source serverless content management system (CMS), enabling developers to build and deploy websites, applications, and GraphQL APIs on platforms like AWS Lambda. Founded in London in 2012.

Mend

Series D in 2021
Mend specializes in open-source software (OSS) lifecycle management solutions, offering a comprehensive cloud-based platform designed to manage the OSS lifecycle effectively. Their flagship product integrates seamlessly with development environments and DevOps pipelines, enabling real-time detection of open-source libraries that may pose security or compliance risks. Mend provides actionable remediation paths to resolve identified issues quickly and enforces automated policies to streamline the fixing process. The platform supports over 200 programming languages and continuously monitors multiple open-source vulnerability databases, ensuring that users are informed of potential risks while minimizing false positives. Founded in 2011 and headquartered in New York, Mend maintains additional offices in Boston, Givatayim, the United Kingdom, and Switzerland.

Aqua Security

Series E in 2021
Aqua Security develops a comprehensive cloud-native application security platform. It offers prevention, detection, and response automation across the entire application lifecycle, securing build processes, cloud infrastructure, and running workloads on various clouds and technologies like containers and serverless functions.

Parabol

Series A in 2021
Parabol, Inc. is a technology company that specializes in developing an open-source meeting application tailored for remote and agile teams. Founded in 2015 and based in Alhambra, California, Parabol's platform facilitates effective communication and collaboration among distributed teams, allowing them to conduct retrospective meetings and evaluate their processes without the need for traditional tools like sticky notes. The application generates automatic insights about team performance by analyzing online collaboration activity and consolidating meeting notes and tasks into summaries. This information is shared in real time or asynchronously, ensuring all team members are on the same page, regardless of their location or time zone. Parabol also offers integration with popular project management tools, enabling teams to track progress and address roadblocks efficiently. By focusing on clarity and collaboration, Parabol aims to enhance team dynamics and unlock better performance.

Pachyderm

Series B in 2020
Pachyderm, Inc., founded in 2014 and based in San Francisco, California, specializes in developing software for deploying and managing multi-stage, language-agnostic data pipelines. The company's platform provides data lineage to track the entire machine learning development lifecycle and supports end-to-end data science workflows. Pachyderm offers an enterprise-grade, open-source data science platform that ensures explainable, repeatable, and scalable ML/AI processes. Its solutions include version control for data, tools for building scalable pipelines, and support for any language, framework, or tool. The company provides a free, open-source version of its platform, as well as enterprise and hub versions tailored to specific needs.

Aqua Security

Series D in 2020
Aqua Security develops a comprehensive cloud-native application security platform. It offers prevention, detection, and response automation across the entire application lifecycle, securing build processes, cloud infrastructure, and running workloads on various clouds and technologies like containers and serverless functions.

Aqua Security

Series C in 2019
Aqua Security develops a comprehensive cloud-native application security platform. It offers prevention, detection, and response automation across the entire application lifecycle, securing build processes, cloud infrastructure, and running workloads on various clouds and technologies like containers and serverless functions.

Mend

Series C in 2018
Mend specializes in open-source software (OSS) lifecycle management solutions, offering a comprehensive cloud-based platform designed to manage the OSS lifecycle effectively. Their flagship product integrates seamlessly with development environments and DevOps pipelines, enabling real-time detection of open-source libraries that may pose security or compliance risks. Mend provides actionable remediation paths to resolve identified issues quickly and enforces automated policies to streamline the fixing process. The platform supports over 200 programming languages and continuously monitors multiple open-source vulnerability databases, ensuring that users are informed of potential risks while minimizing false positives. Founded in 2011 and headquartered in New York, Mend maintains additional offices in Boston, Givatayim, the United Kingdom, and Switzerland.

Aqua Security

Series B in 2017
Aqua Security develops a comprehensive cloud-native application security platform. It offers prevention, detection, and response automation across the entire application lifecycle, securing build processes, cloud infrastructure, and running workloads on various clouds and technologies like containers and serverless functions.

Mend

Series B in 2017
Mend specializes in open-source software (OSS) lifecycle management solutions, offering a comprehensive cloud-based platform designed to manage the OSS lifecycle effectively. Their flagship product integrates seamlessly with development environments and DevOps pipelines, enabling real-time detection of open-source libraries that may pose security or compliance risks. Mend provides actionable remediation paths to resolve identified issues quickly and enforces automated policies to streamline the fixing process. The platform supports over 200 programming languages and continuously monitors multiple open-source vulnerability databases, ensuring that users are informed of potential risks while minimizing false positives. Founded in 2011 and headquartered in New York, Mend maintains additional offices in Boston, Givatayim, the United Kingdom, and Switzerland.

SnapRoute

Series A in 2017
SnapRoute, Inc. is a technology company based in Santa Clara, California, that specializes in developing an open-source network stack tailored for enterprises. Founded in 2015 and now part of Infoblox Inc., SnapRoute offers a cloud-native network operating system (CN-NOS) built on a microservice architecture with embedded Kubernetes. This innovative approach enables enterprises to utilize commoditized networking hardware with various open Linux operating systems, significantly reducing costs compared to traditional vendor systems. The company's platform allows for full visibility and modularity of network components, facilitating continuous updates and installations without disrupting business operations. By leveraging cloud-native technologies, SnapRoute enhances application deployment speed, improves security and compliance, and simplifies network operations, thereby addressing long-standing challenges in the networking industry.

Aqua Security

Series A in 2016
Aqua Security develops a comprehensive cloud-native application security platform. It offers prevention, detection, and response automation across the entire application lifecycle, securing build processes, cloud infrastructure, and running workloads on various clouds and technologies like containers and serverless functions.
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