Dream Raises $260M and Reveals Its Sovereign AI for Nations
The financing follows nearly $300 million in contract value as the company expands sovereign AI and cyber-defense platforms for governments worldwide.
- On Thursday, June 18, 2026, Dream reached a $3 billion valuation after securing $260 million in new funding for its artificial intelligence and cyber defense systems serving governments.
- Founded in 2023 by Shalev Hulio, Austrian Chancellor Sebastian Kurz, and Gil Dolev, the startup employs about 350 people across Tel Aviv, Abu Dhabi, and Vienna designing sovereign AI platforms.
- Bicycle Capital and Group 11 co-led the latest round, bringing total capital raised to $412 million following nearly $300 million in contract value since late 2024.
- The new capital will accelerate deployment of sovereign AI and cyber defense platforms across Europe, the Middle East, Asia, and the Americas, supported by a data center near Modi featuring NVIDIA B200 systems.
- Governments face a fundamental choice between depending on foreign systems or owning their capabilities, said Kurz, emphasizing nations must govern their own AI infrastructure to control their future.
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Austria's Ex-Chancellor Briefly Establishes Three Billion Dollars of Heavy AI Cybersecurity Start-Up
The start-up Dream, co-founded by Sebastian Kurz, reports new investors and growth. After the start of the commercial business at the end of 2024, the contract volume increased sharply.
Former NSO founder and ex-Austrian leader raise millions for new security firm
Dream was founded in 2022 by former NSO Group co-founder Shalev Hulio, alongside former Austrian Chancellor Sebastian Kurz. Hulio left NSO after the spyware firm was blacklisted by the U.S., while Kurz stepped down amid a corruption probe
Sebastian Kurz went from Austria's youngest chancellor to building a $3 billion AI cybersecurity startup
FIISebastian Kurz's AI cybersecurity startup DREAM has reached a $3 billion valuation.DREAM's AI-powered cybersecurity platform has attracted customers across Europe, the Middle East, and Southeast Asia.A new $260 million funding round will fuel DREAM's global expansion.Sebastian Kurz once worked out of Austria's chancellery on Vienna's Ballhausplatz, an imposing government building that resembles a Baroque palace. Today, he welcomes visitors to…
Dream, an Israeli cybersecurity startup founded by former NSO Group CEO, raises $260 million at $3 billion valuation - Tech Startups
Founded by former NSO Group CEO Shalev Hulio and former Austrian Chancellor Sebastian Kurz, Dream develops AI-powered cyber defense systems that help governments protect critical infrastructure from state-backed cyber threats. Dream, an Israeli cybersecurity startup founded by former NSO Group […] The post Dream, an Israeli cybersecurity startup founded by former NSO Group CEO, raises $260 million at $3 billion valuation first appeared on Tech S…
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