Microsoft is launching a venture arm that wants to make early stage investments in startups focused on cutting-edge cloud computing technologies, security, and a few other high-value areas.
To be clear, the new Microsoft Ventures takes its name from a previous unit that was part of the software giant’s developer evangelism effort. That group backed accelerator programs that provided young companies with software tools and expertise, not necessarily funding. That group will now be known as Microsoft Accelerator.
