The venture capital vehicle of Canada’s wealthy Thomson family participated in the round alongside co-leaders Khosla Ventures and Mayfield. San Jose, Calif.-based Exaforce plans to use the money to develop software that helps automate cyberthreat detection and reduce false positives using AI agents it calls Exabots. (The Logic)

Talking point: Advances in AI in the past year have made it possible for Exaforce to make AI agents that can handle such a complex and specific task, co-founder and CEO Ankur Singla told The Wall Street Journal. The labour market for cybersecurity and AI workers is tight, creating demand for tools that can help them work more efficiently. The size of Thursday’s deal stands out during a tough time for raising venture capital amid global economic uncertainty. Thomvest is also a backer of digital security firm Bolster, Neo Financial and Cohere.