Dream, an AI-based company providing cyber resilience for nations and critical infrastructure, announced a $100 million Series B led by Bain Capital Ventures at a $1.1 billion valuation. And additional investors include Group 11, Tru Arrow, Tau Capital and Aleph. Dream will further enhance its product capabilities and global market reach with this funding round.
Governments have to navigate complex environments that include legacy systems, cloud infrastructure, and hybrid architectures, all while managing vast amounts of security data. And at the same time, cyberattacks are becoming more advanced with attackers utilizing AI to outsmart traditional defenses and exploit blind spots in organizations that lack full visibility into their data and vulnerabilities.
Dream is rebuilding cybersecurity with a suite of proprietary AI-based models designed to think like both a defender and an attacker. And by fusing advanced posture management with AI predictive detection, Dream created a robust data ecosystem that not only anticipates but actively eliminates threats before they materialize.
The company was created by Sebastian Kurz, former Prime Minister of Austria; Shalev Hulio, a serial entrepreneur and former founder of NSO Group; and Gil Dolev, a cyber expert. And after leaving government and the NSO Group, the founders brought their firsthand knowledge to Dream and quickly earned the trust of global government entities responsible for national cyber defense.
In just two years since being founded, Dream has amassed over $130 million in annual sales in 2024 to governments and national cybersecurity organizations, proving its critical role in global cyber defense.
This funding round accelerates the development of Dream’s Cyber Language Model (CLM), a first-of-its-kind family of Language Models specifically trained for cybersecurity operations. With this knowledge, Dream’s customers can better understand their networks and their breach-points, without requiring any installation or integration, in record-breaking time, helping prevent sophisticated nation-state cyber-attacks on their networks.
The funding will also advance the company’s expansion into additional markets, with a strategic focus on markets where cyber threats continue to pose significant national security challenges.
As part of the funding round, two distinguished industry leaders, Enrique Salem and Shlomo Yanai, will join Dream’s Board of Directors. And Enrique Salem, partner at Bain Capital Ventures, previously served as CEO of Symantec and Chairman of Mediant. MG. (Res.) Shlomo Yanai is the former CEO of Teva Pharmaceuticals and currently serves on the board of Philip Morris.
The addition to the board further strengthens Dream’s vision of building cyber resilience on a national and global scale. And they will join current board members Dovi Frances, Michael Eisenberg and the founders of the company.
KEY QUOTES:
“Never before has a company been founded with the primary mission of providing national cybersecurity protection for a country or a government. We founded Dream to deliver a solution that truly works for nations, specifically because it was designed with their needs in mind.”
– Shalev Hulio, co-founder and CEO of Dream
“Sophisticated cyber-attacks on our critical infrastructure are increasing in both prevalence and complexity. During my time as Prime Minister I saw firsthand how these attacks can cause real human damage, and have the capacity to disrupt society at large. By founding Dream, we are on a mission to empower nations against what is the defining national security concern of our era.”
– Sebastian Kurz, co-founder and President of Dream
“The Dream team has a proven track record of developing industry-leading security products and providing them to the most sophisticated customers, government leaders, as well as leading nation states. Dream’s rapid growth in such a short time is a testament to their expertise, and I can’t think of a better team to solve the fundamental problem of incomplete visibility and too many alerts.”
– Enrique Salem, partner at Bain Capital Ventures
