Dream, an AI-driven firm specializing in the protection of governments and critical infrastructure, has secured $100 million in a Series B funding round.
This investment elevates the company’s valuation to $1.1 billion. The round was led by Bain Capital Ventures, with additional participation from Group 11, Tru Arrow Partners, Tau Capital, and Aleph.
Founded in January 2023 by Shalev Hulio, former CEO of NSO Group; Sebastian Kurz, ex-Chancellor of Austria; and cyber expert Gil Dolev, Dream has rapidly established itself in the cybersecurity sector.
The company offers a suite of proprietary AI models designed to anticipate and neutralize cyber threats, effectively “thinking” like both attackers and defenders.
In 2024, Dream reported over $130 million in sales to governments and national cybersecurity organizations, underscoring its significant role in global cyber defense.
Plans for Global Expansion
The newly acquired funds are earmarked for advancing Dream’s Cyber Language Model (CLM), a suite of AI models specifically trained for cybersecurity operations.
Additionally, the investment will support the company’s expansion into global markets where cyber threats pose significant national security challenges.
Sebastian Kurz, Dream co-founder and president, emphasized the escalating sophistication of cyberattacks on critical infrastructure, noting their potential to cause substantial societal disruption. He stated, “By founding Dream, we are on a mission to empower nations against what is the defining national security concern of our era.”
Enrique Salem, partner at Bain Capital Ventures, highlighted Dream’s rapid growth and proven track record, expressing confidence in the team’s ability to address the complex challenges of cybersecurity.
This investment in Dream reflects a broader trend of significant capital infusion into the intersection of AI and cybersecurity. In 2024, Israeli cybersecurity firms raised $4 billion, more than doubling the amount from the previous year, driven by the increasing need for cloud and AI security solutions.
Similarly, companies like Semgrep have secured substantial funding to enhance their AI capabilities in cybersecurity, with Semgrep raising $100 million to develop advanced bug-hunting software.
