Microsoft launches venture fund, eyes investments in cloud startups

The new Microsoft Ventures fund was created under the auspices of Peggy Johnson, Microsoft executive vice president for business development. (GeekWire File Photo) Microsoft has launched its first formal venture fund, planning to make new investments in companies that align with its own interests in areas including cloud computing, enterprise technologies and machine learning.The new fund, known as Microsoft Ventures, was announced overnight. It will be led by Nagraj Kashyap, the former Qualcomm Ventures leader, who joined Microsoft earlier this year, and housed within Microsoft’s Business Development team, led by Microsoft executive vice president Peggy Johnson, also a Qualcomm vet. New Microsoft Ventures leader Nagraj Kashyap “In Microsoft’s history of engaging with and supporting start-ups, we’ve done a lot of investing, but not a lot of early stage,” says Kashyap in a post announcing…

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