M12 leads Series B for process discovery vendor FortressIQ

Process discovery automation vendor FortressIQ announced a $30 million Series B funding round led by Microsoft's M12 venture fund, with participation from earlier investors.

In a statement, FortressIQ CEO Pankaj Chowdhry credited the company's investors as a key element of the organization's journey, noting Microsoft's role in the enterprise. He stated:

We’re dedicated to creating successful and intentional partnerships with companies whose values align with ours. This is why we’re excited about this investment from M12. Microsoft’s enterprise experience is unparalleled, and we look forward to exploring collaborative ways to serve our customers.

FortressIQ launched its integration with Microsoft Power Automate in April 2020, focused around Microsoft's 2020 release wave 1 of the Power Platform. The partnership between the two companies dates back to November 2019.