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Tel Aviv-Based Cybersecurity Firm Dream Secures $100 Million in Funding, Valuation Hits $1.1 Billion
Israeli cybersecurity firm Dream has raised $100 million (€105 million) in a Series B funding round, bringing its valuation to $1.1 billion (€1.05 billion). The company, which specializes in AI-driven cyber defense solutions for governments, aims to detect and neutralize cyber threats before they materialize.
The funding round, announced on Monday, was led by Bain Capital Ventures, with additional backing from Group 11, Tru Arrow, Tau Capital, and Aleph. The fresh capital injection will accelerate the company’s expansion into new markets and enhance the development of its Cyber Language Model (CLM), a next-generation AI tool designed to counter evolving cyber threats.
Cybersecurity in an Age of Increasing Threats
Founded in January 2023, Dream has quickly established itself as a key player in the cybersecurity sector, particularly in government and national security contracts. In 2024 alone, the company generated more than $130 million (€124 million) in sales to governments and national cybersecurity organizations.
Sebastian Kurz, co-founder and President of Dream, emphasized the urgency of robust cyber defense strategies.
“Sophisticated cyber-attacks on critical infrastructure are increasing in both prevalence and complexity,” Kurz said in a statement.
“During my time as Prime Minister, I saw firsthand how these attacks can cause real human damage and have the potential to disrupt entire societies. By founding Dream, we are on a mission to empower nations against what I believe is the defining national security threat of our era.”
Kurz, the former Austrian Chancellor, founded Dream alongside entrepreneur Shalev Hulio and cyber expert Gil Dolev. The venture marks a major shift in Kurz’s career, following his resignation from government in 2021 amid corruption allegations.
A New Chapter for Sebastian Kurz
Kurz stepped down as Austria’s Chancellor in 2021 after facing accusations of misusing public funds for favorable media coverage. In February 2024, he was found guilty of lying under oath to parliament and received an eight-month suspended sentence. Kurz has called the ruling “very unfair” and has since launched an appeal.
Despite his controversial political exit, Kurz has rebranded himself in the tech and cybersecurity industry, leveraging his experience in governance to address national security threats in the digital age.
The Growing Demand for AI-Driven Cyber Defense
With cybercriminals increasingly deploying AI-powered attacks, experts stress that AI-based defenses are essential to counter deepfake scams, phishing campaigns, and sophisticated cyber espionage.
According to industry data cited by the World Economic Forum (WEF), the total cost of cybercrime has skyrocketed from $3 trillion (€2.9 trillion) in 2015 to $6 trillion (€5.7 trillion) in 2021. Analysts predict this figure will soar to $15.6 trillion (€14.9 trillion) by 2029.
The cybersecurity market is expanding in response. A McKinsey report estimates that global spending on cybersecurity products and services reached approximately $200 billion (€191 billion) in 2024.
Dream’s latest funding round will also bring in new board members, including Enrique Salem of Bain Capital Ventures and Shlomo Yanai, a board member at Philip Morris. They will join existing board members Dovi Frances, Michael Eisenberg, and Dream’s founding team.
As the AI arms race in cyber warfare intensifies, Dream aims to position itself as a key player in protecting national security interests worldwide.
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Romania Shoots Down Third Drone in Three Days as Shahed-Type Aircraft Linked to Russia
News
Chickenpox Outbreak Spreads Through Gaza Camps as Overcrowding and Vaccine Gaps Raise Alarm
A chickenpox outbreak is spreading rapidly through displacement camps in Gaza, with around 9,300 cases recorded across more than 130 health facilities in just two weeks.
Doctors and health workers say the actual number of infections is likely much higher because many patients are treated in tents or local clinics and never reach hospitals. The UN health cluster attributed the rise to severe overcrowding, high summer temperatures and worsening access to clean water.
More than half of the reported cases were recorded in Khan Younis governorate. Health teams also registered more than 18,000 new cases of infectious skin diseases across Gaza during the same week, including scabies, head lice and impetigo.
Isolation, which is recommended for children with chickenpox, is nearly impossible in many displacement camps. Families of six or more often live together in tents measuring only a few square metres, while in some locations multiple families share a single tent.
Hamada Abu Ghali, who is displaced in Nuseirat, said doctors told his daughter to stay apart from other family members after she was diagnosed with chickenpox. But the family had no space to follow the advice.
“Before the war we had a house and rooms, but today all of us are in one tent,” he said.
Ahmed Abu Hussein, displaced in Deir al-Balah, said children continued to play together because families could not keep them inside cramped shelters.
“We can’t control them or keep them inside the tent, so the infection ends up spreading to the whole family,” he said.
At Al-Rantisi Children’s Hospital, paediatric consultant Dr Sharif Mattar said official figures probably represented only a fraction of the outbreak. Many children are treated in displacement sites and primary healthcare centres, leaving their cases out of hospital statistics.
Nurse Sheimaa Hajji said health centres were seeing more children with widespread rashes. Treatment has largely focused on easing itching and preventing secondary bacterial infections, but supplies are running short.
The outbreak is being worsened by a vaccination crisis. Bassam Zaqout, director of Medical Relief in Gaza, said thousands of children born during the war had been unable to complete routine vaccination schedules. Restrictions on vaccine deliveries have also limited efforts to improve community protection.
Health officials have warned that chickenpox can pose additional risks to pregnant women, while maternity services in Gaza remain severely limited.
The World Health Organisation said the health system continues to operate with restricted capacity because of damaged facilities, shortages of medicines and a lack of medical staff.
UN field teams have also reported unsafe water supplies and sewage flowing around displacement sites.
The UN health cluster has increased the distribution of fever medicines, anti-itch treatments and antibiotics for bacterial complications. Health education teams have also been deployed.
Aid agencies warn that these efforts will not be enough without a major increase in medical supplies, clean water and hygiene materials reaching Gaza.
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