Israeli AI Cybersecurity Firm Dream Raises $260 Million at About $3 Billion Valuation

Israeli artificial intelligence and cybersecurity company Dream has raised $260 million in a funding round that values the company at about $3 billion, Bloomberg reported. According to ChainCatcher, the valuation is nearly triple the roughly $1 billion level cited for February 2025. The round was led by Bicycle Capital and Group 11, with participation from Bain Capital Ventures, Antler, and Tru Arrow Partners. Dream was founded in 2023 by former NSO Group CEO Shalev Hulio and former Austrian Prime Minister Sebastian Kurz. The company initially focused on national-level AI cyber defense and has since launched a sovereign AI platform and an AI security product called Hero for governments and state-owned enterprises. Bloomberg reported that Dream has generated nearly $300 million in cumulative sales and plans to use the funding to accelerate deployments across Europe and the United States, the Middle East, Asia, and the Americas.