Dream Raises $260 Million at $3 Billion Valuation

Israeli cybersecurity startup Dream today announced raising $260 million in a new funding round that brings the company’s valuation to $3 billion. The company’s latest investment round was co-led by Bicycle Capital and Group 11, with additional support from Antler, Bain Capital Ventures, Tru Arrow Partners, and other investors. To date, the firm has raised over $410 million. Founded in 2023, Dream has offices in Tel Aviv, Vienna, and Abu Dhabi, and plans to use the fresh funds to accelerate the deployment of its platform across Europe, the Middle East, Asia, and the Americas. The company was founded by Shalev Hulio, former CEO and founder of the controversial spyware maker NSO Group; Sebastian Kurz, former Prime Minister of Austria; and cybersecurity expert and entrepreneur Gil Dolev, who serves as Dream’s CTO. The startup has built three sovereign AI and national cyber defense platforms: Sphere, which defends against nation-state cyber threats; Hero, an autonomous AI security researcher hunting for vulnerabilities and exposures; and Atlas, which connects fragmented national data. Sphere delivers a national cyber defense system that combines AI-driven detection and response with cyber intelligence, attack path analysis, digital twin technology, and exposure management. Hero autonomously searches for security defects and attack paths, and reasons like an attacker to prevent sophisticated cyber threats, continuously stress-testing defenses. Atlas, Dream’s sovereign AI platform, allows governments to transform national data into structured knowledge, deploy mission-specific AI agents and models, and gain actionable insights within secure environments they control. “Every nation has data. Few can protect it. Fewer can use it. Sovereign AI is the key. We built Dream to help governments secure their information, transform it into knowledge, and convert that knowledge into national capability. The future of a nation should never depend on technology it does not control,” said CEO Hulio. Related: Magnitude Emerges From Stealth Mode With $10 Million in Funding Related: Endpoint Security Startup Ent Emerges From Stealth With $100 Million Seed Round Related: NewCore Emerges From Stealth Mode With $66 Million in Funding Related: Cyera Raises $600 Million at $12 Billion Valuation WRITTEN BY Ionut Arghire Ionut Arghire is an international correspondent for SecurityWeek. 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