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.

Matthew Goldstein

Managing Director

Michelle Gonzalez

Corporate Vice President and Global Head

Kouki Harasaki

Managing Director

Mony Hassid

Managing Director

Tamara Steffens

Managing Director

James Wu

Partner

Andrew Smyth

Managing Partner

Samir Kumar

Managing Director

Past deals in Cloud Services

Innovaccer

Series F in 2025
Innovaccer Inc. develops analytical and data science applications primarily for the healthcare sector, while also serving financial services, manufacturing, retail, and academic research organizations. The company offers a comprehensive Healthcare Intelligence Cloud, which aggregates and analyzes patient data from various sources, including electronic health records and medical devices. This platform enhances patient care and operational efficiency by providing tools for risk adjustment, population health management, and care coordination. Key solutions include Datashop, which features modules for patient insights, economic market analysis, and healthcare trend datasets, as well as a Clinical Documentation Improvement solution to enhance documentation integrity. Innovaccer's offerings also include care navigation, billing, and claims processing tools to streamline operations and improve patient outcomes. The company has established partnerships to further its impact and operates globally from its headquarters in Noida, India, with an office in Palo Alto, California. Founded in 2012, Innovaccer remains committed to transforming healthcare delivery through its innovative technology platform.

NeuBird

Seed Round in 2024
NeuBird is a first-of-its-kind cloud-based generative operations platform for enterprises.

d-Matrix

Series B in 2023
D-Matrix is a technology company focused on developing a computing platform aimed at enhancing artificial intelligence inferencing workloads in data centers. The company is dedicated to creating an innovative, brain-inspired AI compute engine that addresses a wide range of inferencing tasks within the growing cloud and edge infrastructure markets. By employing an in-memory computing approach, D-Matrix seeks to improve the efficiency of memory-compute integration through advanced mixed-signal and digital signal processing techniques. This platform is particularly designed to support generative artificial intelligence applications and large language models, thereby providing clients with enhanced computational capabilities.

Unstructured

Series A in 2023
Unstructured is a developer of an open-source data transformation platform that simplifies the process of converting raw data from various sources, such as PDFs and Microsoft Office documents, into formats suitable for retrieval-augmented generation (RAG) applications. The platform supports over 25 file types and offers integration capabilities with third-party services like SharePoint and S3. By utilizing open-source libraries and application programming interfaces, Unstructured allows clients to create custom preprocessing pipelines tailored for machine learning tasks. This capability enhances the accessibility of human-generated information for large language models (LLMs) and facilitates seamless data extraction and integration into AI workflows, ultimately enabling organizations to maximize the value of their documents.

env0

Series A in 2023
env0 is a developer of Infrastructure-as-Code (IaC) management software that helps businesses master cloud infrastructure with environment provisioning, cloud governance, and workflow tools. Built to empower the entire team, env0 provides developers, SREs, data scientists, and even sales and support staff with a way to shift complex workloads into manageable cloud environments. The env0 platform is the first cloud management platform built to enable self-service with complete governance and cost control in AWS, Azure and Google Cloud Platform.

Fordefi

Seed Round in 2022
Fordefi operates a multi-party computation (MPC) wallet platform that serves as a Web3 gateway for institutions, facilitating secure connections to decentralized applications (dApps) across various blockchain networks. As the first institutional MPC wallet and security platform specifically designed for decentralized finance, Fordefi offers a range of features including MPC key management, self-service DeFi policy controls, and time-of-transaction smart contract insights. Additionally, the platform provides transaction simulation and risk alerts, enabling market participants to engage with decentralized finance securely and efficiently.

Valence Security

Series A in 2022
Valence Security operates a platform designed to enhance the security of Software as a Service (SaaS) applications and manage risks associated with third-party integrations. As the complexity of SaaS environments increases, Valence provides security teams with actionable insights into various risks, including configuration, identity, data, and integrations between different SaaS applications. The platform specializes in SaaS security posture management, risk remediation, and identity threat detection and response, employing zero trust principles to ensure robust security across interconnected applications. By offering capabilities such as visibility, continuous monitoring, and automated policy enforcement, Valence empowers organizations to proactively address vulnerabilities and securely adopt SaaS solutions. Its unique remediation options facilitate collaboration among security teams and business users, enabling efficient risk reduction for critical applications like Microsoft 365, Google Workspace, Salesforce, GitHub, and Slack.

WorkSpan

Series C in 2022
WorkSpan is a co-sell management network that enables companies to enhance and scale their co-sell revenue growth. Its secure SaaS platform facilitates collaboration among partnership and sales teams, allowing them to work together on deals, exchange co-sell referrals directly from their CRM, manage shared pipelines, and monitor performance through a live dashboard. As a leader in Ecosystem Business Management, WorkSpan supports major business ecosystems within the technology and communications sectors, managing over $50 billion in joint pipeline and significantly accelerating the speed to market for joint solutions. The company's clientele includes prominent names such as Microsoft, Cisco, SAP, and Accenture. Founded in January 2015 in Foster City, California, by Amit Sinha, Mayank Bawa, and Milind Joshi, WorkSpan continues to drive productivity and growth for its customers.

Theom

Seed Round in 2022
Theom is an IT company founded in 2020 and based in San Francisco, California, specializing in cloud and data security services. Theom's cloud-native security platform is designed to discover, track, and protect enterprise data in cloud environments. It provides immediate value by identifying risks associated with data loss and prioritizing corrective actions. This allows enterprises to concentrate on business growth while securely leveraging their data in the cloud.

GrowthSpace

Series B in 2022
GrowthSpace is a talent development platform that enables the personalized learning and development of employees. GrowthSpace brings the power of data to personalized learning and development. At GrowthSpace, they believe that the future of learning and development is data-driven, measurable, and personalized for every employee. By combining the world’s most robust dataset with their network of global experts, they are able to help employees and teams achieve their professional goals and business KPIs at scale. Select from short growth sprints, group meetings, or lectures where employees can upskill, work on personal challenges, and improve their core competencies.

Code Ocean

Series B in 2022
Code Ocean is a cloud-based computational reproducibility platform that provides researchers and developers an easy way to share, discover, and run code published in academic journals and conferences. The platform provides open access to the published software code and data to view and download for everyone for free. But the real treat is that users can execute all published code without installing anything on their personal computer. Everything runs in the cloud on CPUs or GPUs according to the user needs.

d-Matrix

Series A in 2022
D-Matrix is a technology company focused on developing a computing platform aimed at enhancing artificial intelligence inferencing workloads in data centers. The company is dedicated to creating an innovative, brain-inspired AI compute engine that addresses a wide range of inferencing tasks within the growing cloud and edge infrastructure markets. By employing an in-memory computing approach, D-Matrix seeks to improve the efficiency of memory-compute integration through advanced mixed-signal and digital signal processing techniques. This platform is particularly designed to support generative artificial intelligence applications and large language models, thereby providing clients with enhanced computational capabilities.

Wallaroo

Series A in 2022
Wallaroo is a cloud-based platform designed to streamline the deployment of machine learning applications, particularly in last-mile scenarios. It offers a simple, secure, and scalable solution for processing large volumes of data in real-time. The platform addresses infrastructure challenges, allowing for rapid iteration and testing while remaining agnostic to various infrastructures and scales. This capability enables data engineers and architects to enhance applications in areas such as outpatient monitoring, real-time bidding, and risk profiling. By simplifying the deployment process, Wallaroo helps organizations turn data into actionable business results more efficiently and cost-effectively.

Innovaccer

Series E in 2021
Innovaccer Inc. develops analytical and data science applications primarily for the healthcare sector, while also serving financial services, manufacturing, retail, and academic research organizations. The company offers a comprehensive Healthcare Intelligence Cloud, which aggregates and analyzes patient data from various sources, including electronic health records and medical devices. This platform enhances patient care and operational efficiency by providing tools for risk adjustment, population health management, and care coordination. Key solutions include Datashop, which features modules for patient insights, economic market analysis, and healthcare trend datasets, as well as a Clinical Documentation Improvement solution to enhance documentation integrity. Innovaccer's offerings also include care navigation, billing, and claims processing tools to streamline operations and improve patient outcomes. The company has established partnerships to further its impact and operates globally from its headquarters in Noida, India, with an office in Palo Alto, California. Founded in 2012, Innovaccer remains committed to transforming healthcare delivery through its innovative technology platform.

Memgraph

Seed Round in 2021
Memgraph Ltd, founded in 2016 and based in London, United Kingdom, specializes in high-performance graph database and analytics solutions. The company offers an in-memory graph database designed for real-time applications, facilitating risk assessment, network data exploration, and supply chain logistics. Memgraph's platform enables organizations to effectively analyze interconnected data, uncover patterns, and derive actionable insights to support informed decision-making. Its cloud-hosted database-as-a-service technology ensures rapid data processing and high concurrency, catering to the needs of enterprises in a data-driven economy. Additionally, Memgraph has cultivated a vibrant open-source community of over 150,000 developers worldwide, fostering collaboration and innovation in real-time analytics and data-driven applications.

GrowthSpace

Series A in 2021
GrowthSpace is a talent development platform that enables the personalized learning and development of employees. GrowthSpace brings the power of data to personalized learning and development. At GrowthSpace, they believe that the future of learning and development is data-driven, measurable, and personalized for every employee. By combining the world’s most robust dataset with their network of global experts, they are able to help employees and teams achieve their professional goals and business KPIs at scale. Select from short growth sprints, group meetings, or lectures where employees can upskill, work on personal challenges, and improve their core competencies.

At-Bay

Series D in 2021
At-Bay, Inc. specializes in providing cyber insurance and risk management services tailored to the needs of businesses navigating the digital landscape. Founded in 2016 and headquartered in Mountain View, California, with an additional research and development center in Tel Aviv, Israel, the company offers customized insurance policies that cover information privacy, network security, cyber extortion, financial fraud, and media content. At-Bay combines advanced technology with comprehensive risk assessment to empower businesses to address cyber risks effectively. The company serves nearly 40,000 businesses in the United States, protecting approximately $800 billion in collective revenue. In addition to its insurance offerings, At-Bay provides proactive risk management services and proprietary cybersecurity solutions, including managed detection and response services, to help clients manage and mitigate digital threats.

env0

Series A in 2021
env0 is a developer of Infrastructure-as-Code (IaC) management software that helps businesses master cloud infrastructure with environment provisioning, cloud governance, and workflow tools. Built to empower the entire team, env0 provides developers, SREs, data scientists, and even sales and support staff with a way to shift complex workloads into manageable cloud environments. The env0 platform is the first cloud management platform built to enable self-service with complete governance and cost control in AWS, Azure and Google Cloud Platform.

Authomize (Now part of Delinea)

Series A in 2021
Authomize empowers organizations to establish identity-first security by detecting, investigating, and responding to identity and access threats. Customers use Authomize to protect their cloud services and applications from account takeovers, privilege escalations, and identity-based attacks.

Codefresh

Series C in 2021
Codefresh, Inc. is a developer of a cloud-based automation platform designed specifically for Kubernetes applications. Founded in 2014 and headquartered in Mountain View, California, with additional offices in Salt Lake City, Utah, and Givatayim, Israel, Codefresh provides tools that simplify and automate the software development lifecycle. Its platform enables businesses to manage workflows more efficiently by facilitating the building and sharing of images, either as standalone containers or within complex compositions. This approach allows developers to incorporate feedback before changes are promoted to staging, ultimately reducing costs and streamlining application deployment. Codefresh supports organizations in implementing continuous integration and continuous delivery (CI/CD) practices, helping DevOps teams deploy software safely and at scale. Notable clients include GoodRx, Monday.com, and Deloitte.

Innovaccer

Series D in 2021
Innovaccer Inc. develops analytical and data science applications primarily for the healthcare sector, while also serving financial services, manufacturing, retail, and academic research organizations. The company offers a comprehensive Healthcare Intelligence Cloud, which aggregates and analyzes patient data from various sources, including electronic health records and medical devices. This platform enhances patient care and operational efficiency by providing tools for risk adjustment, population health management, and care coordination. Key solutions include Datashop, which features modules for patient insights, economic market analysis, and healthcare trend datasets, as well as a Clinical Documentation Improvement solution to enhance documentation integrity. Innovaccer's offerings also include care navigation, billing, and claims processing tools to streamline operations and improve patient outcomes. The company has established partnerships to further its impact and operates globally from its headquarters in Noida, India, with an office in Palo Alto, California. Founded in 2012, Innovaccer remains committed to transforming healthcare delivery through its innovative technology platform.

Rescale

Series C in 2021
Rescale, Inc. is a company that specializes in developing and operating cloud-based platforms for scientific and engineering simulations. Its offerings include the ScaleX Pro platform for independent professionals and small to medium-sized businesses, and ScaleX Developer, which allows external application developers to integrate their software directly with Rescale’s systems. Additionally, the ScaleX Enterprise platform provides a comprehensive solution for enterprise-level simulation needs, managing on-premise high-performance computing resources and software licenses. Serving a diverse range of industries, including aerospace, automotive, and life sciences, Rescale facilitates more than 300 customers, from startups to large corporations, in accelerating their design processes and reducing time to market. Founded in 2011 and headquartered in San Francisco, Rescale also has offices in Tokyo, Munich, and Singapore, and it is supported by a variety of investors from the technology and venture capital sectors.

Voodle

Series A in 2020
Voodle, Inc. is a technology company that specializes in cloud-based software for the media and entertainment sectors, focusing on virtual reality and augmented reality video processing and delivery. Founded in 2015 and headquartered in Seattle, Washington, Voodle offers an application designed to capture and share business moments in real-time, facilitating knowledge transfer and team collaboration. This application is accessible through both the App Store and Google Play, allowing users to create and distribute short videos tailored for business applications. The company, which was previously known as Pixvana, Inc., rebranded to Voodle, Inc. in March 2020.

At-Bay

Series C in 2020
At-Bay, Inc. specializes in providing cyber insurance and risk management services tailored to the needs of businesses navigating the digital landscape. Founded in 2016 and headquartered in Mountain View, California, with an additional research and development center in Tel Aviv, Israel, the company offers customized insurance policies that cover information privacy, network security, cyber extortion, financial fraud, and media content. At-Bay combines advanced technology with comprehensive risk assessment to empower businesses to address cyber risks effectively. The company serves nearly 40,000 businesses in the United States, protecting approximately $800 billion in collective revenue. In addition to its insurance offerings, At-Bay provides proactive risk management services and proprietary cybersecurity solutions, including managed detection and response services, to help clients manage and mitigate digital threats.

CognitiveScale

Series B in 2020
CognitiveScale, Inc. specializes in developing augmented intelligence software tailored for financial services, healthcare, and digital commerce sectors. Utilizing its Cortex platform, the company enables enterprises to integrate artificial intelligence and blockchain technology into their operations. Key offerings include Cortex 5, which facilitates the design and management of enterprise-grade AI systems, the AI marketplace for collaborative problem-solving, and Cortex Certifai, which helps identify and manage risks in automated decision-making. Additionally, CognitiveScale provides AI lifecycle management tools and systems such as ENGAGE for enhanced customer engagement and AMPLIFY for intelligent process automation. The company has formed strategic partnerships with prominent firms such as IBM, Microsoft, and Deloitte, serving Global 500 clients worldwide. Founded in 2013 and headquartered in Austin, Texas, with additional offices in New York, London, and Hyderabad, CognitiveScale is recognized for its contributions to responsible AI and is backed by notable investors, including Norwest Venture Partners and Intel Capital.

env0

Funding Round in 2020
env0 is a developer of Infrastructure-as-Code (IaC) management software that helps businesses master cloud infrastructure with environment provisioning, cloud governance, and workflow tools. Built to empower the entire team, env0 provides developers, SREs, data scientists, and even sales and support staff with a way to shift complex workloads into manageable cloud environments. The env0 platform is the first cloud management platform built to enable self-service with complete governance and cost control in AWS, Azure and Google Cloud Platform.

Codefresh

Series C in 2020
Codefresh, Inc. is a developer of a cloud-based automation platform designed specifically for Kubernetes applications. Founded in 2014 and headquartered in Mountain View, California, with additional offices in Salt Lake City, Utah, and Givatayim, Israel, Codefresh provides tools that simplify and automate the software development lifecycle. Its platform enables businesses to manage workflows more efficiently by facilitating the building and sharing of images, either as standalone containers or within complex compositions. This approach allows developers to incorporate feedback before changes are promoted to staging, ultimately reducing costs and streamlining application deployment. Codefresh supports organizations in implementing continuous integration and continuous delivery (CI/CD) practices, helping DevOps teams deploy software safely and at scale. Notable clients include GoodRx, Monday.com, and Deloitte.

Authomize (Now part of Delinea)

Seed Round in 2020
Authomize empowers organizations to establish identity-first security by detecting, investigating, and responding to identity and access threats. Customers use Authomize to protect their cloud services and applications from account takeovers, privilege escalations, and identity-based attacks.

Directly

Series B in 2020
Directly provides resilience to companies by delivering more automated and elastic customer support operations. Our platform integrates into the contact center to understand customer issues, automate common solutions, and engage community experts. This enables customer support leaders to resolve customer issues with the right mix of automation and human support. Companies like Airbnb, Microsoft, and Samsung use the Directly platform to improve the customer experience, boosting CSAT by 20%, while saving millions per year. Directly is based in San Francisco and backed by Microsoft’s M12 Ventures, Samsung NEXT, True Ventures, Costanoa Ventures, Industry Ventures, Triangle Peak Partners, and Northgate Capital.

At-Bay

Series B in 2020
At-Bay, Inc. specializes in providing cyber insurance and risk management services tailored to the needs of businesses navigating the digital landscape. Founded in 2016 and headquartered in Mountain View, California, with an additional research and development center in Tel Aviv, Israel, the company offers customized insurance policies that cover information privacy, network security, cyber extortion, financial fraud, and media content. At-Bay combines advanced technology with comprehensive risk assessment to empower businesses to address cyber risks effectively. The company serves nearly 40,000 businesses in the United States, protecting approximately $800 billion in collective revenue. In addition to its insurance offerings, At-Bay provides proactive risk management services and proprietary cybersecurity solutions, including managed detection and response services, to help clients manage and mitigate digital threats.

CNEX Labs

Series E in 2020
CNEX provides revolutionary solid-state storage semiconductor and software solutions for cloud, hyper-scale, and enterprise data centers. The company delivers innovative storage semiconductor and software solutions, partnering with solid-state storage manufacturers, data center and systems customers to develop revolutionary NVMe and Open-Channel SSD controller ASICs that deliver high-performance with low and predictable latency, scalability and flexibility for software-defined-storage. CNEX controller products are key to accelerating the capabilities of big data compute and analytics for the next generation of cloud, hyperscale and enterprise data centers. The customers use CNEX SSD controllers to deliver differentiated SSD solutions for low-power and high-performance in M.2, U.2, U.3, HHHL, EDSFF, and other form-factors. CNEX Labs was founded in 2013 and is headquartered in San Jose, California, United States.

Innovaccer

Series C in 2020
Innovaccer Inc. develops analytical and data science applications primarily for the healthcare sector, while also serving financial services, manufacturing, retail, and academic research organizations. The company offers a comprehensive Healthcare Intelligence Cloud, which aggregates and analyzes patient data from various sources, including electronic health records and medical devices. This platform enhances patient care and operational efficiency by providing tools for risk adjustment, population health management, and care coordination. Key solutions include Datashop, which features modules for patient insights, economic market analysis, and healthcare trend datasets, as well as a Clinical Documentation Improvement solution to enhance documentation integrity. Innovaccer's offerings also include care navigation, billing, and claims processing tools to streamline operations and improve patient outcomes. The company has established partnerships to further its impact and operates globally from its headquarters in Noida, India, with an office in Palo Alto, California. Founded in 2012, Innovaccer remains committed to transforming healthcare delivery through its innovative technology platform.

CNEX Labs

Series E in 2020
CNEX provides revolutionary solid-state storage semiconductor and software solutions for cloud, hyper-scale, and enterprise data centers. The company delivers innovative storage semiconductor and software solutions, partnering with solid-state storage manufacturers, data center and systems customers to develop revolutionary NVMe and Open-Channel SSD controller ASICs that deliver high-performance with low and predictable latency, scalability and flexibility for software-defined-storage. CNEX controller products are key to accelerating the capabilities of big data compute and analytics for the next generation of cloud, hyperscale and enterprise data centers. The customers use CNEX SSD controllers to deliver differentiated SSD solutions for low-power and high-performance in M.2, U.2, U.3, HHHL, EDSFF, and other form-factors. CNEX Labs was founded in 2013 and is headquartered in San Jose, California, United States.

Directly

Series B in 2020
Directly provides resilience to companies by delivering more automated and elastic customer support operations. Our platform integrates into the contact center to understand customer issues, automate common solutions, and engage community experts. This enables customer support leaders to resolve customer issues with the right mix of automation and human support. Companies like Airbnb, Microsoft, and Samsung use the Directly platform to improve the customer experience, boosting CSAT by 20%, while saving millions per year. Directly is based in San Francisco and backed by Microsoft’s M12 Ventures, Samsung NEXT, True Ventures, Costanoa Ventures, Industry Ventures, Triangle Peak Partners, and Northgate Capital.

Illusive Networks

Venture Round in 2019
Illusive Networks Ltd. specializes in developing cybersecurity solutions focused on deception technology to prevent cyber attacks on enterprise systems. By creating a deceptive environment within existing networks, Illusive effectively identifies attackers, disrupts their activities, and provides actionable forensic insights. The company's offerings include compliance support, insider threat defense, and cloud security services, along with a comprehensive management platform that integrates various modular components for centralized cybersecurity management. Its Active Defense technology enhances security by removing vulnerable connections and replacing them with deceptive alternatives, allowing organizations to detect advanced persistent threats and prevent lateral movement by attackers. Founded in 2014 and based in Tel Aviv-Yafo, Israel, with an additional office in New York, Illusive serves clients across several industries, including finance, healthcare, legal, manufacturing, retail, and technology. The company, spun out from the venture group Team8, leverages expertise from veterans of Israel’s military intelligence to support its innovative approach to cybersecurity.

Volterra

Venture Round in 2019
Volterra Inc., founded in 2017 and headquartered in Santa Clara, California, specializes in developing software for the deployment, operation, and security of distributed applications across edge and multi-cloud environments. The company offers distributed cloud services designed to facilitate the deployment of network and security applications, enabling clients to secure their cloud applications and optimize performance by bringing critical workloads closer to end-users. This approach assists development and network operations teams in addressing operational security and performance challenges effectively.

Make.TV

Funding Round in 2019
Make.TV is the leading provider of cloud-based, live video acquisition and management solutions through its Live Video Cloud (“LVC”) platform. The company pioneered the use of mobile devices for contributor-based and crowd-sourced live video and provides unmatched solutions for top media, entertainment and technology companies worldwide, including ESL, MTV/Viacom, MLB/BAMTech, FOX Sports Brasil, and the Swiss Broadcasting Corp (SRF). Make.TV’s award-winning Live Video Cloud helps content programmers and service providers in the fields of news, sports, esports and entertainment bring live and on-demand video to any screen, from any source, mobile video or traditional cameras – all at once. The company maintains offices in Seattle and Cologne, Germany.

WorkSpan

Series B in 2019
WorkSpan is a co-sell management network that enables companies to enhance and scale their co-sell revenue growth. Its secure SaaS platform facilitates collaboration among partnership and sales teams, allowing them to work together on deals, exchange co-sell referrals directly from their CRM, manage shared pipelines, and monitor performance through a live dashboard. As a leader in Ecosystem Business Management, WorkSpan supports major business ecosystems within the technology and communications sectors, managing over $50 billion in joint pipeline and significantly accelerating the speed to market for joint solutions. The company's clientele includes prominent names such as Microsoft, Cisco, SAP, and Accenture. Founded in January 2015 in Foster City, California, by Amit Sinha, Mayank Bawa, and Milind Joshi, WorkSpan continues to drive productivity and growth for its customers.

CNEX Labs

Series D in 2019
CNEX provides revolutionary solid-state storage semiconductor and software solutions for cloud, hyper-scale, and enterprise data centers. The company delivers innovative storage semiconductor and software solutions, partnering with solid-state storage manufacturers, data center and systems customers to develop revolutionary NVMe and Open-Channel SSD controller ASICs that deliver high-performance with low and predictable latency, scalability and flexibility for software-defined-storage. CNEX controller products are key to accelerating the capabilities of big data compute and analytics for the next generation of cloud, hyperscale and enterprise data centers. The customers use CNEX SSD controllers to deliver differentiated SSD solutions for low-power and high-performance in M.2, U.2, U.3, HHHL, EDSFF, and other form-factors. CNEX Labs was founded in 2013 and is headquartered in San Jose, California, United States.

Zipwhip

Series D in 2019
Zipwhip, Inc. operates a cloud-based texting platform that allows businesses in the United States and Canada to text-enable their existing landline and toll-free phone numbers. Founded in 2007 and headquartered in Seattle, Washington, the company serves small and mid-sized businesses across various sectors, including auto repair, healthcare, beauty services, and public safety. By providing the capability for two-way text conversations, Zipwhip enhances customer service and engagement, enabling businesses to field inquiries, schedule appointments, send reminders, and accept orders via text. Its technology combines direct network connectivity with user-friendly software, allowing organizations to communicate effectively and efficiently with their customers.

Innovaccer

Series B in 2019
Innovaccer Inc. develops analytical and data science applications primarily for the healthcare sector, while also serving financial services, manufacturing, retail, and academic research organizations. The company offers a comprehensive Healthcare Intelligence Cloud, which aggregates and analyzes patient data from various sources, including electronic health records and medical devices. This platform enhances patient care and operational efficiency by providing tools for risk adjustment, population health management, and care coordination. Key solutions include Datashop, which features modules for patient insights, economic market analysis, and healthcare trend datasets, as well as a Clinical Documentation Improvement solution to enhance documentation integrity. Innovaccer's offerings also include care navigation, billing, and claims processing tools to streamline operations and improve patient outcomes. The company has established partnerships to further its impact and operates globally from its headquarters in Noida, India, with an office in Palo Alto, California. Founded in 2012, Innovaccer remains committed to transforming healthcare delivery through its innovative technology platform.

CNEX Labs

Series D in 2018
CNEX provides revolutionary solid-state storage semiconductor and software solutions for cloud, hyper-scale, and enterprise data centers. The company delivers innovative storage semiconductor and software solutions, partnering with solid-state storage manufacturers, data center and systems customers to develop revolutionary NVMe and Open-Channel SSD controller ASICs that deliver high-performance with low and predictable latency, scalability and flexibility for software-defined-storage. CNEX controller products are key to accelerating the capabilities of big data compute and analytics for the next generation of cloud, hyperscale and enterprise data centers. The customers use CNEX SSD controllers to deliver differentiated SSD solutions for low-power and high-performance in M.2, U.2, U.3, HHHL, EDSFF, and other form-factors. CNEX Labs was founded in 2013 and is headquartered in San Jose, California, United States.

LoginRadius

Series A in 2018
LoginRadius Inc. operates a cloud-based customer identity and access management platform aimed at mid-to-large sized businesses globally. Founded in 2011 and headquartered in Vancouver, Canada, with additional offices in India and the United States, the platform offers a range of services including customer registration, social login, profile management, and user management. Its developer-friendly solution features comprehensive APIs for authentication, identity verification, and multi-factor authentication, as well as customizable login interfaces and integrations with over 150 third-party applications. LoginRadius serves over 3,000 organizations and reaches approximately 1.17 billion consumers monthly. The company has been recognized as a significant player in the Consumer Identity and Access Management sector by industry analysts and maintains a partnership with Microsoft to enhance its offerings.

Codefresh

Series B in 2018
Codefresh, Inc. is a developer of a cloud-based automation platform designed specifically for Kubernetes applications. Founded in 2014 and headquartered in Mountain View, California, with additional offices in Salt Lake City, Utah, and Givatayim, Israel, Codefresh provides tools that simplify and automate the software development lifecycle. Its platform enables businesses to manage workflows more efficiently by facilitating the building and sharing of images, either as standalone containers or within complex compositions. This approach allows developers to incorporate feedback before changes are promoted to staging, ultimately reducing costs and streamlining application deployment. Codefresh supports organizations in implementing continuous integration and continuous delivery (CI/CD) practices, helping DevOps teams deploy software safely and at scale. Notable clients include GoodRx, Monday.com, and Deloitte.

CNEX Labs

Series D in 2018
CNEX provides revolutionary solid-state storage semiconductor and software solutions for cloud, hyper-scale, and enterprise data centers. The company delivers innovative storage semiconductor and software solutions, partnering with solid-state storage manufacturers, data center and systems customers to develop revolutionary NVMe and Open-Channel SSD controller ASICs that deliver high-performance with low and predictable latency, scalability and flexibility for software-defined-storage. CNEX controller products are key to accelerating the capabilities of big data compute and analytics for the next generation of cloud, hyperscale and enterprise data centers. The customers use CNEX SSD controllers to deliver differentiated SSD solutions for low-power and high-performance in M.2, U.2, U.3, HHHL, EDSFF, and other form-factors. CNEX Labs was founded in 2013 and is headquartered in San Jose, California, United States.

Directly

Series B in 2018
Directly provides resilience to companies by delivering more automated and elastic customer support operations. Our platform integrates into the contact center to understand customer issues, automate common solutions, and engage community experts. This enables customer support leaders to resolve customer issues with the right mix of automation and human support. Companies like Airbnb, Microsoft, and Samsung use the Directly platform to improve the customer experience, boosting CSAT by 20%, while saving millions per year. Directly is based in San Francisco and backed by Microsoft’s M12 Ventures, Samsung NEXT, True Ventures, Costanoa Ventures, Industry Ventures, Triangle Peak Partners, and Northgate Capital.

CognitiveScale

Series B in 2018
CognitiveScale, Inc. specializes in developing augmented intelligence software tailored for financial services, healthcare, and digital commerce sectors. Utilizing its Cortex platform, the company enables enterprises to integrate artificial intelligence and blockchain technology into their operations. Key offerings include Cortex 5, which facilitates the design and management of enterprise-grade AI systems, the AI marketplace for collaborative problem-solving, and Cortex Certifai, which helps identify and manage risks in automated decision-making. Additionally, CognitiveScale provides AI lifecycle management tools and systems such as ENGAGE for enhanced customer engagement and AMPLIFY for intelligent process automation. The company has formed strategic partnerships with prominent firms such as IBM, Microsoft, and Deloitte, serving Global 500 clients worldwide. Founded in 2013 and headquartered in Austin, Texas, with additional offices in New York, London, and Hyderabad, CognitiveScale is recognized for its contributions to responsible AI and is backed by notable investors, including Norwest Venture Partners and Intel Capital.

Memgraph

Seed Round in 2018
Memgraph Ltd, founded in 2016 and based in London, United Kingdom, specializes in high-performance graph database and analytics solutions. The company offers an in-memory graph database designed for real-time applications, facilitating risk assessment, network data exploration, and supply chain logistics. Memgraph's platform enables organizations to effectively analyze interconnected data, uncover patterns, and derive actionable insights to support informed decision-making. Its cloud-hosted database-as-a-service technology ensures rapid data processing and high concurrency, catering to the needs of enterprises in a data-driven economy. Additionally, Memgraph has cultivated a vibrant open-source community of over 150,000 developers worldwide, fostering collaboration and innovation in real-time analytics and data-driven applications.

Zipwhip

Series C in 2017
Zipwhip, Inc. operates a cloud-based texting platform that allows businesses in the United States and Canada to text-enable their existing landline and toll-free phone numbers. Founded in 2007 and headquartered in Seattle, Washington, the company serves small and mid-sized businesses across various sectors, including auto repair, healthcare, beauty services, and public safety. By providing the capability for two-way text conversations, Zipwhip enhances customer service and engagement, enabling businesses to field inquiries, schedule appointments, send reminders, and accept orders via text. Its technology combines direct network connectivity with user-friendly software, allowing organizations to communicate effectively and efficiently with their customers.

Make.TV

Venture Round in 2017
Make.TV is the leading provider of cloud-based, live video acquisition and management solutions through its Live Video Cloud (“LVC”) platform. The company pioneered the use of mobile devices for contributor-based and crowd-sourced live video and provides unmatched solutions for top media, entertainment and technology companies worldwide, including ESL, MTV/Viacom, MLB/BAMTech, FOX Sports Brasil, and the Swiss Broadcasting Corp (SRF). Make.TV’s award-winning Live Video Cloud helps content programmers and service providers in the fields of news, sports, esports and entertainment bring live and on-demand video to any screen, from any source, mobile video or traditional cameras – all at once. The company maintains offices in Seattle and Cologne, Germany.

CognitiveScale

Funding Round in 2017
CognitiveScale, Inc. specializes in developing augmented intelligence software tailored for financial services, healthcare, and digital commerce sectors. Utilizing its Cortex platform, the company enables enterprises to integrate artificial intelligence and blockchain technology into their operations. Key offerings include Cortex 5, which facilitates the design and management of enterprise-grade AI systems, the AI marketplace for collaborative problem-solving, and Cortex Certifai, which helps identify and manage risks in automated decision-making. Additionally, CognitiveScale provides AI lifecycle management tools and systems such as ENGAGE for enhanced customer engagement and AMPLIFY for intelligent process automation. The company has formed strategic partnerships with prominent firms such as IBM, Microsoft, and Deloitte, serving Global 500 clients worldwide. Founded in 2013 and headquartered in Austin, Texas, with additional offices in New York, London, and Hyderabad, CognitiveScale is recognized for its contributions to responsible AI and is backed by notable investors, including Norwest Venture Partners and Intel Capital.

Frame

Series A in 2017
Frame, Inc. is a cloud-based software as a service platform that enables individuals, educational institutions, businesses, and software vendors to run Windows applications online. The platform allows users to install applications in the cloud and access them across various devices, facilitating application streaming for educational purposes and reducing administrative complexity for businesses. Additionally, software vendors can leverage Frame to transition to a cloud-based SaaS model. The company's solutions cater to diverse industries, including CAD/CAE, oil and gas, building information modeling, simulation, training and education, and digital content creation, among others. Founded in 2012 and based in San Mateo, California, Frame operates as a subsidiary of Nutanix, Inc.

CNEX Labs

Series C in 2017
CNEX provides revolutionary solid-state storage semiconductor and software solutions for cloud, hyper-scale, and enterprise data centers. The company delivers innovative storage semiconductor and software solutions, partnering with solid-state storage manufacturers, data center and systems customers to develop revolutionary NVMe and Open-Channel SSD controller ASICs that deliver high-performance with low and predictable latency, scalability and flexibility for software-defined-storage. CNEX controller products are key to accelerating the capabilities of big data compute and analytics for the next generation of cloud, hyperscale and enterprise data centers. The customers use CNEX SSD controllers to deliver differentiated SSD solutions for low-power and high-performance in M.2, U.2, U.3, HHHL, EDSFF, and other form-factors. CNEX Labs was founded in 2013 and is headquartered in San Jose, California, United States.

SnapRoute

Series A in 2017
SnapRoute, Inc., founded in 2015 and based in Santa Clara, California, develops an open-source network stack for enterprises, enabling the adoption of white-box and disaggregated networking. The company offers a cloud-native network operating system (CN-NOS) built on a microservice architecture with embedded Kubernetes. This innovative approach aims to reduce costs by up to 50% compared to legacy systems, while enhancing application service delivery, security, and operational efficiency. SnapRoute’s platform allows network engineers to customize commodity networking switches and routers, providing full visibility and modularity of the network stack. This capability enables network operators to continuously install or update components without disrupting business operations. Acquired by Infoblox, SnapRoute is positioned to transform networking through the application of cloud-native technologies, catering to the needs of DevOps-driven organizations.

Illusive Networks

Venture Round in 2017
Illusive Networks Ltd. specializes in developing cybersecurity solutions focused on deception technology to prevent cyber attacks on enterprise systems. By creating a deceptive environment within existing networks, Illusive effectively identifies attackers, disrupts their activities, and provides actionable forensic insights. The company's offerings include compliance support, insider threat defense, and cloud security services, along with a comprehensive management platform that integrates various modular components for centralized cybersecurity management. Its Active Defense technology enhances security by removing vulnerable connections and replacing them with deceptive alternatives, allowing organizations to detect advanced persistent threats and prevent lateral movement by attackers. Founded in 2014 and based in Tel Aviv-Yafo, Israel, with an additional office in New York, Illusive serves clients across several industries, including finance, healthcare, legal, manufacturing, retail, and technology. The company, spun out from the venture group Team8, leverages expertise from veterans of Israel’s military intelligence to support its innovative approach to cybersecurity.

Zipwhip

Series B in 2016
Zipwhip, Inc. operates a cloud-based texting platform that allows businesses in the United States and Canada to text-enable their existing landline and toll-free phone numbers. Founded in 2007 and headquartered in Seattle, Washington, the company serves small and mid-sized businesses across various sectors, including auto repair, healthcare, beauty services, and public safety. By providing the capability for two-way text conversations, Zipwhip enhances customer service and engagement, enabling businesses to field inquiries, schedule appointments, send reminders, and accept orders via text. Its technology combines direct network connectivity with user-friendly software, allowing organizations to communicate effectively and efficiently with their customers.

CognitiveScale

Series B in 2016
CognitiveScale, Inc. specializes in developing augmented intelligence software tailored for financial services, healthcare, and digital commerce sectors. Utilizing its Cortex platform, the company enables enterprises to integrate artificial intelligence and blockchain technology into their operations. Key offerings include Cortex 5, which facilitates the design and management of enterprise-grade AI systems, the AI marketplace for collaborative problem-solving, and Cortex Certifai, which helps identify and manage risks in automated decision-making. Additionally, CognitiveScale provides AI lifecycle management tools and systems such as ENGAGE for enhanced customer engagement and AMPLIFY for intelligent process automation. The company has formed strategic partnerships with prominent firms such as IBM, Microsoft, and Deloitte, serving Global 500 clients worldwide. Founded in 2013 and headquartered in Austin, Texas, with additional offices in New York, London, and Hyderabad, CognitiveScale is recognized for its contributions to responsible AI and is backed by notable investors, including Norwest Venture Partners and Intel Capital.

Comfy

Series B in 2016
Comfy connects people, places, and systems through one intuitive workplace app. With expertise in machine learning, UX design, and enterprise service, they create great relationships between people and their workplaces. At Comfy, they are driven by their passion for creating amazing workplace experiences. Comfy’s cloud-enabled platform seamlessly and securely connects your employees directly to their physical and digital workplace, driving productivity and delight.

Rescale

Series A in 2016
Rescale, Inc. is a company that specializes in developing and operating cloud-based platforms for scientific and engineering simulations. Its offerings include the ScaleX Pro platform for independent professionals and small to medium-sized businesses, and ScaleX Developer, which allows external application developers to integrate their software directly with Rescale’s systems. Additionally, the ScaleX Enterprise platform provides a comprehensive solution for enterprise-level simulation needs, managing on-premise high-performance computing resources and software licenses. Serving a diverse range of industries, including aerospace, automotive, and life sciences, Rescale facilitates more than 300 customers, from startups to large corporations, in accelerating their design processes and reducing time to market. Founded in 2011 and headquartered in San Francisco, Rescale also has offices in Tokyo, Munich, and Singapore, and it is supported by a variety of investors from the technology and venture capital sectors.

CNEX Labs

Series A in 2014
CNEX provides revolutionary solid-state storage semiconductor and software solutions for cloud, hyper-scale, and enterprise data centers. The company delivers innovative storage semiconductor and software solutions, partnering with solid-state storage manufacturers, data center and systems customers to develop revolutionary NVMe and Open-Channel SSD controller ASICs that deliver high-performance with low and predictable latency, scalability and flexibility for software-defined-storage. CNEX controller products are key to accelerating the capabilities of big data compute and analytics for the next generation of cloud, hyperscale and enterprise data centers. The customers use CNEX SSD controllers to deliver differentiated SSD solutions for low-power and high-performance in M.2, U.2, U.3, HHHL, EDSFF, and other form-factors. CNEX Labs was founded in 2013 and is headquartered in San Jose, California, United States.

SkyGiraffe

Seed Round in 2013
SkyGiraffe is a full-stack enterprise mobility platform. Their platform mobilizes back-end data to enable enterprise employees to manage business processes natively on iOS, Android, and Web. With a secure, code-free platform, SkyGiraffe extends enterprise data directly to mobile devices and provides customized, job-specific micro-moments that can read and write-back real-time data to existing backend systems. Backed by SGVC, Trilogy Equity Partners, Microsoft Ventures, 500 Startups and enterprise software angels, SkyGiraffe is based in San Mateo, CA with R&D in Israel.
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