Israeli AI security company Dream raises $260 million, valuation rises to $3 billion

According to Bloomberg, Israeli artificial intelligence and cybersecurity company Dream has completed a $260 million financing round, with a post-money valuation of approximately $3 billion, nearly tripling from a valuation of about $1 billion in February 2025. This round was led by Bicycle Capital and Group 11, with participation from Bain Capital Ventures, Antler, Tru Arrow Partners, and others.

Dream was founded in 2023 by former NSO Group CEO Shalev Hulio and former Austrian Chancellor Sebastian Kurz, initially focusing on national-level AI cyber defense. It has now launched a sovereign AI platform and AI security product Hero aimed at governments and state-owned enterprises, achieving nearly $300 million in sales to date, and will accelerate deployment in Europe, the Middle East, Asia, and the Americas.