# Todd Graham

> Todd Graham is a Series A investor at M12 - Microsoft's Venture Fund backing Cyber Security. See 16 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [M12 - Microsoft's Venture Fund](https://shizune.co/investors/profile/m12)
- Location: San Francisco, United States
- Total investments: 16
- Last investment: Jul 2026
- Lead investor: 44%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/todd-graham-720276
- Facebook: http://www.facebook.com/todd.d.graham

Todd Graham is a Series A investor at M12 - Microsoft's Venture Fund in San Francisco focused on Cyber Security and Artificial Intelligence. Todd is based in our Palo Alto Office where he focuses primarily on enterprise infrastructure and cybersecurity. He is very passionate about the intersection of technology and business. His main areas of interest include digital transformation, human-based threats, disruptive go-to-market, and the consumerization of the user experience.In hiscareer, Todd has alternated between startups and large infrastructure vendors. Most recently, he led Corporate Strategy for Cisco’s Security and Collaboration businesses where he developed long-range business strategy for product and go to market while also driving inorganic activities such as the acquisition of Duo Security. Earlier in his career, he led the IT Business Management product group at VMware. Using experience gained at VMware, Todd co-founded Bluenose Analytics to help product and customer success leaders better familiarize with their customers. He also founded a Data Loss Prevention company that was acquired by EMC’s security division, RSA, while attending the University of Michigan (Go Blue!).Outside of work, Todd can be found with his family exploring the wilds of San Francisco, attending youth soccer games, and celebrating children’s birthdays. In what remains of his spare time, he enjoys carpentry, coding, and all things Canadian.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Cyber Security | 5 | 31% |
| Artificial Intelligence | 5 | 31% |
| Security | 3 | 19% |
| Software | 3 | 19% |
| Machine Learning | 3 | 19% |

20 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 8 | 50% |
| Series B | 4 | 25% |
| Series C | 1 | 6% |
| Funding Round | 1 | 6% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 8 | 50% |
| Israel | 3 | 19% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Mate | Mate provides an AI-powered SOC solution that learns from an organization’s best analysts and builds a contextual data. | $35M | Series A | Jul 28, 2026 |  |
| RegScale | RegScale's API-centric approach automates the collection, compilation, and reporting of data related to an organization's compliance obligations. This approach ensures that companies are continually compliant, reducing risk and cost while simultaneously increasing productivity. It also includes frameworks for industry-specific regulationsfor the energy and financial services industries, such as the North American Electric Reliability Corporation and critical infrastructure protection.Founded in 2021, RegScale is based in Mclean, Virginia, United States. | $30M | Series B | Sep 17, 2025 |  |
| Sola Security | Sola Security | $35M | Series A | Sep 04, 2025 |  |
| Reach Security | Reach Security helps security leaders and operators measure, manage, and maximize the value they’re getting from their security investments. They contain control recommendations and supporting materials tailored to the threat profile. | $10M | Series A | Jul 29, 2025 |  |
| Arize AI | Arize is a leading AI and agent engineering platform that helps teams design, evaluate, and operate production-grade AI systems with reliability and speed. Built to be independent and interoperable across models, frameworks, and clouds — with open-standard instrumentation at its core — Arize unifies development and production workflows in Arize AX(with Alyx for copilot-powered analysis) and complements them with the open-source Phoenix and OpenInference projects. Arize is headquartered in Berkeley, CA. | $70M | Series C | Feb 20, 2025 |  |
| SGNL | Modern enterprise authorization with human-readable policies and an understanding of business context to deliver just-in-time authorization | $30M | Series A | Feb 12, 2025 |  |
| RAAPID INC | RAAPID is a full-stack, end-to-end risk adjustment platform. We deliver guaranteed compliant ROI, reduce costs, improve accuracy, reduce physician abrasion, and mitigate the risk in OIG and RADV audits while running a successful risk adjustment program. We offer audit, retrospective & prospective risk adjustment solutions by augmentingnear-human reasoning with Neuro-Symbolic AI as an AI assistant to coders and providers. | $6.7M | Series A | Jan 10, 2025 |  |
| Relyance AI | AI-native protection that makes every data journey visible, controlled, and compliant. From the first line of code to the final AI output - autonomously predict threats, enforce policies, and always be audit-ready, eliminating 80% of manual oversight. | $32M | Series B | Oct 10, 2024 |  |
| Allstacks | Allstacks develops a software engineering intelligence platform for enterprise software organizations to predict forecasting and risk management. Its mission is to build organizational trust through software delivery with predictive forecasting and risk analysis. | $10M | Series A | Aug 20, 2024 |  |
| Bolster AI | Bolster AI protects against phishing and scams across multiple channels, such as the open web, social media, app stores, and even the dark web. Bolster protects companies of all sizes, from startups to Fortune 500s. With a patented detection engine built for speed, scale, and accuracy, Bolster identifies online records, apps, and accountsinfringing on your brand in milliseconds and automates their takedown with Large Language Models (LLMs) for instant response and reducing the need for manual review by over 80%RedMarlin’s team has more than 40 years of combined cybersecurity experience from industry-leading companies including Cisco, Symantec, and McAfee. Founded in 2017 and based in Los Altos, California, | $14M | Series B | May 22, 2024 |  |

10 of 16 investments shown.

## Co-investors
- [M12 - Microsoft's Venture Fund](https://shizune.co/investors/profile/microsoftventures) — VC Fund, 8 deals together
- [Cisco Investments](https://shizune.co/investors/profile/cisco-investments) — VC Fund, 3 deals together
- [Aro Ventures](https://shizune.co/investors/profile/aro-ventures) — VC Fund, 2 deals together
- [Booz Allen Ventures](https://shizune.co/investors/profile/booz-allen-ventures) — VC Fund, 2 deals together
- [Capital One Ventures](https://shizune.co/investors/profile/capital-one-ventures) — VC Fund, 2 deals together
- [Cheyenne Ventures](https://shizune.co/investors/profile/cheyenne-ventures) — VC Fund, 2 deals together

## About M12 - Microsoft's Venture Fund

VC Fund · San Francisco, United States

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.

5 contacts available at M12 - Microsoft's Venture Fund.

| Name | Title | Profile |
| --- | --- | --- |
| Peter Lenke | Managing Partner | https://shizune.co/investors/profile/peter-lenke |
| Priyanka Mitra | Partner | https://shizune.co/investors/profile/priyanka-mitra |
| Todd Graham | Managing Partner | https://shizune.co/investors/profile/todd-graham |
| James Wu | Partner | https://shizune.co/investors/profile/james-wu-855c |
| John Vela | Director of Portfolio Development | https://shizune.co/investors/profile/john-vela-77d2 |

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## FAQ

### What does Todd Graham invest in?

Todd Graham invests primarily in Cyber Security, Artificial Intelligence and Security startups, most often at Series A and Series B stage. Most of the 16 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Todd Graham last invest?

The most recent investment recorded for Todd Graham closed in Jul 2026. Shizune tracks 16 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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