Microsoft subsidiary M12 returned for the data management software provider's series C round, having backed its series B early last year.

US-based big data software optimisation platform Unravel Data has received $35m in a series C round that featured M12, the corporate venturing arm of software producer Microsoft.

Venture capital firm Point72 Ventures led the round, investing alongside VC firms Harmony Partners, Menlo Ventures and GGV Capital.

Unravel’s software uses artificial intelligence, machine learning and predictive analytics technology to help enterprise clients to manage and optimise their big data software applications.

M12 partner Rashmi Gopinath said: “As enterprises of every size…