Israeli cybersecurity startup Dream has raised $260 million in a new funding round to value the company at $3 billion. This financing round underscores the increasing global interest in AI-powered cyber defense platforms. The company was founded in 2023 and specializes in protecting national infrastructure and government networks.
Co-founder Shalev Hulio explained, “We managed to prevent huge cyberattacks from China, Russia, Iran, and North Korea. Everybody understands that the next cyber war will actually be AI versus AI. We built an AI solution that knows how to prevent cyberattacks created by humans but also cyberattacks created by AI.”
This fundraising effort was led by two investment firms: Bicycle Capital and Group 11, with additional participation from other global investment firms, including Bain Capital Ventures, Antler, and Tru Arrow Partners. The company will invest the newly acquired funds to accelerate the rollout of its sovereign AI and cybersecurity solutions across Europe, the Middle East, Asia, and the Americas. The company recently released an AI solution called Atlas that enables countries to manage sensitive information within their own systems.
According to the startup, the technologies developed will enable the defense of strategic infrastructure, such as energy, water, oil, and gas facilities, against AI-powered attacks.
Dream achieved approximately $300 million in revenue in 2025 while serving government clients across Europe, the Middle East, and Asia. It is reported that the company's systems prevented cyberattacks on its infrastructure attributed to individuals in China, Russia, Iran, and North Korea. Dream currently employs 350 people and operates in Tel Aviv, Abu Dhabi, and Vienna.
The investment represents the overall trend towards sovereign AI and national cybersecurity solutions. As geopolitical conflicts intensify and AI-powered cyberattacks grow more complex, the demand for technologies that provide greater control over data, infrastructure, and cybersecurity increases. It is also said that a future IPO is still a part of the company’s long-term business plan.
Also read: MENA Startup Ecosystem: AI Investments, Venture Capital Launches and Major Funding Deals Surge