Woofun AI reports that Israeli AI cybersecurity firm Dream has closed a $260 million financing round, establishing a post-money valuation of approximately $3 billion. This valuation represents a near threefold increase from the roughly $1 billion mark recorded in February 2025. The funding round was spearheaded by Bicycle Capital and Group 11, with additional capital provided by Bain Capital Ventures, Antler, and Tru Arrow Partners.

Founded in 2023 by former NSO Group CEO Shalev Hulio and former Austrian Chancellor Sebastian Kurz, Dream initially concentrated on national-level AI cyber defense. The company has since deployed a sovereign AI platform alongside its AI security product, Hero, targeting governments and state-owned enterprises. Dream has generated nearly $300 million in sales to date and plans to accelerate deployment across Europe, the Middle East, Asia, and the Americas.