Israeli cybersecurity startup Dream on Monday announced raising $100 million in Series B funding, at a $1.1 billion valuation. The round brings the total raised by the company to $155 million.
The new investment round was led by Bain Capital Ventures, with additional support from Aleph, Group 11, Tau Capital, and Tru Arrow.
Founded in 2023, with offices in Tel Aviv, Vienna, and Abu Dhabi, Dream has built an AI-powered solution aiming to improve the cyber resilience of nations and their critical infrastructure.
The company is leveraging proprietary AI models that think both as an attacker and as a defender, combining advanced posture management with predictive detection to anticipate threats and proactively eliminate them.
Despite being on the market for only two years, Dream’s solution has been adopted by multiple governments and national cybersecurity entities, and the company reached $130 million in annual sales last year.
The new funding will be used to accelerate the development of models for cybersecurity operations, called Cyber Language Models (CLMs), which were built to understand and act on cyber knowledge coming from code, logs, and threat intelligence.
This knowledge, Dream says, provides customers with better understanding of their environment and weak spots, to help them prevent nation-state attacks against their networks.
“We founded Dream to deliver a solution that truly works for nations, specifically because it was designed with their needs in mind,” Dream co-founder and CEO Shalev Hulio said.
Hulio, former CEO and founder of the controversial spyware maker NSO Group, created Dream together with Sebastian Kurz, former Prime Minister of Austria, and Gil Dolev, a cyber expert, who now serve as the company’s president and CTO, respectively.
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