Microsoft's Agent 365, generally available May 1 at $15 per user per month, is a governance layer for managing AI agents across the enterprise. The product is fine. The interesting part is what it takes for granted: that agent populations inside organizations have grown wild enough to need their own infrastructure.
Microsoft reportedly found 500,000 agents inside its own environment while building this. If the vendor creating the governance tool couldn't see what it had, most enterprises are flying blind.
But notice what the category name frames as the problem. Visibility. Control. Permissions. These are real concerns. They're also the concerns a platform vendor is well-positioned to solve. The harder questions, like whether organizations are losing the judgment to know when an agent's output is subtly wrong, don't fit neatly into a $15/month SKU.