Dream Security raises $100M, valued at $1.1B

Israeli startup Dream Security has raised $100 million in a Series B funding round, achieving a valuation of $1.1 billion. Co-founded by former NSO Group CEO Shalev Hulio and former Austrian Chancellor Sebastian Kurz, Dream focuses on AI-powered cybersecurity solutions for critical national infrastructure, such as energy and water facilities. The funding round, led by Bain Capital Ventures, aims to expand the company's reach in a market increasingly targeted by sophisticated cyberattacks. Dream reported over $130 million in sales to governments and national cybersecurity organizations in its second year of operations. The company has established a robust backlog of orders and anticipates significant growth in annual recurring revenue. Investors continue to show strong interest in AI-driven initiatives despite a generally subdued venture capital environment.