Dream raises $260M for its sovereign AI and cybersecurity tools
Dream Security Ltd., a developer of artificial intelligence and cybersecurity software for governments, today announced that it has raised $260 million in funding.
Bicycle Capital and Group 11 jointly led the investment. They were joined by several other institutional backers including Bain Capital Ventures. Dream is now valued at $3 billion.
Tel Aviv-based Dream is led by Shalev Hulio (pictured, left), the former Chief Executive Officer of spyware maker NSO Group, and former Austrian Chancellor Sebastian Kurz (right). The company offers a trio of software products geared towards government agencies and critical infrastructure operators. The products can be deployed in air-gapped environments, server clusters that are isolated from the web for cybersecurity reasons.
Dream’s first product is a platform called Atlas that is designed to power on-premises AI environments. The company provides customers with a set of neural networks tailored to their requirements. The algorithms, which are geared towards use cases such as data analysis and visualization, are accessible through a ChatGPT-like chatbot interface.
