Israeli AI cybersecurity firm Dream has raised $260 million, reaching a post-money valuation of $3 billion. Disclosed on June 18, 2026, the figure is roughly triple the $1.1 billion valuation from its previous round.
Jun 2026 · Dream Security
Israel's Sovereign-AI Cyber Startup Hits a $3 Billion Valuation
Dream raised $260 million in a round led by Bicycle Capital and Group 11 — nearly tripling its valuation from roughly a year earlier, riding surging global demand for nation-state cyber defense.
$260M
raised in latest round
$130M+
annual sales in 2024
Valuation: nearly 3× in 16 months
Each block ≈ $0.5B of company valuation.
$1.1B
Feb 2025Series B · $100M
$1.3B
Aug 2025Secondary · $45M
"The first AI company for national cybersecurity"
Built for governments and critical infrastructure — oil, water, energy — with sovereign control as the core promise.
Atlas
National sovereign AI platform
Sphere
Unified defense for governments & infrastructure
Hero
Agentic patching of unknown flaws, no CVE needed
On-premises & air-gapped · zero telemetry · founded 2023 in Tel Aviv, with offices in Vienna & Abu Dhabi.
The momentum
Rising global demand for sovereign AI lets governments avoid dependence on foreign hyperscalers. New capital funds product depth and global expansion.
The context
A co-founder formerly led NSO Group (Pegasus). With mostly government customers, public reviews and case studies are scarce — evaluation happens in private procurement.
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