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Tel Aviv-Based Cybersecurity Firm Dream Secures $100 Million in Funding, Valuation Hits $1.1 Billion

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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.

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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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Iran Executes Three Men Over January Protests Amid Rising War Tensions

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Rights groups said the trio, who included a teenager who had taken part in international wrestling competitions, were executed without a fair trial and had given confessions under torture.

Iran executed three men on Thursday who were accused of killing police officers during nationwide protests in January, raising fears among activists of a potential surge in hangings as the country faces war with Israel and the United States. The executions mark the first publicized hangings related to the nationwide demonstrations, which were met with a severe crackdown by Iranian authorities.

The men, Mehdi Ghasemi, Saleh Mohammadi, and Saeed Davoudi, were hanged in the city of Qom, south of Tehran, after being convicted of waging war against God, a capital offense under Iran’s sharia known as moharebeh, according to the judiciary’s Mizan news agency. Authorities said the trio were involved in the killing of two police officers and carried out “operational actions” in favor of Israel and the United States.

Rights groups raised immediate concerns over the fairness of the trials. Saleh Mohammadi, a teenage wrestling champion who had competed internationally, was reportedly denied proper legal defense and forced to give confessions during fast-tracked proceedings, according to Amnesty International. Norway-based NGO Iran Human Rights said the three men were “sentenced to death following an unfair trial, based on confessions obtained under torture,” noting that Mohammadi had just turned 19.

Legal affairs monitor Dadban added that the men were “deprived of effective access to independent counsel and the right to defense,” arguing that under such circumstances, the death penalty amounts to “extrajudicial killing.”

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The hangings come a day after the execution of Kouroush Keyvani, a dual Iranian-Swedish national accused of spying for Israel, which drew condemnation from Stockholm and the European Union. That execution was the first publicly announced since U.S. and Israeli strikes on Iran on 28 February killed Supreme Leader Ayatollah Ali Khamenei, escalating a conflict that has spread across the Middle East.

Activists warned that Iran could use such executions to intimidate citizens. “We are deeply concerned about the risk of mass executions of protesters and political prisoners in the shadow of war,” said Iran Human Rights. “These executions are carried out to spread fear in society, as the Islamic Republic knows that the main threat to its survival comes from the Iranian people demanding fundamental change.”

The January protests initially erupted over rising living costs and quickly evolved into nationwide anti-government demonstrations, peaking on 8–9 January. Rights groups estimate that thousands of protesters were killed in the crackdown, with the Human Rights Activists News Agency recording over 7,000 deaths, while Tehran acknowledges more than 3,000 fatalities, including security personnel and civilians.

Hundreds of individuals are still facing charges connected to the protests that could carry the death penalty. Iran remains one of the world’s most prolific executioners, with at least 1,500 people hanged last year alone, according to Iran Human Rights.

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EU Ministers to Discuss Expanding Naval Mission to Strait of Hormuz as Oil Prices Surge

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Foreign ministers from the European Union are scheduled to meet in Brussels on Monday to discuss whether the bloc’s naval mission should be extended to the Strait of Hormuz amid rising tensions in the Middle East and soaring global oil prices.

The discussions come as the conflict involving the United States and Israel against Iran continues to disrupt global energy markets. The narrow maritime passage handles roughly 20 percent of the world’s oil shipments, making it one of the most critical trade routes for energy supplies.

According to a person familiar with the matter, EU ministers will consider expanding the bloc’s naval mission Operation Aspides to include patrols in the Strait of Hormuz.

Operation Aspides was launched in early 2024 to protect international shipping in the Red Sea after attacks by Yemen’s Houthi forces on commercial vessels traveling through the region.

Pressure from Washington has been increasing in recent days. Donald Trump urged several major powers, including the United Kingdom, France, China and Japan, to deploy naval vessels to the area to safeguard oil shipments passing through the Strait of Hormuz.

Tehran announced last week that it would block the waterway in response to US-Israeli strikes on its territory. Since then, several vessels have reportedly come under attack in the region, increasing fears about disruptions to global energy supplies.

Despite the pressure from Washington, some European officials remain cautious about expanding the mission. Johann Wadephul confirmed that the issue would be discussed at the meeting in Brussels but expressed skepticism about the need for such an operation.

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In an interview with German public broadcaster ARD, Wadephul said he did not see an immediate requirement for extending the naval mission and ruled out Germany’s participation for now. He also called on the United States and Israel to provide clearer information about their objectives and strategy in the war against Iran.

His remarks reflect broader concerns among European officials who say Washington has not fully explained the timeline or long-term goals of the military campaign.

Meanwhile, global oil markets remain under pressure as the conflict continues. Chris Wright said on Sunday that the war with Iran could end within a few weeks. He added that energy prices would likely fall once stability returns to the region and shipping lanes reopen.

Despite those reassurances, crude oil prices have climbed above $100 per barrel, raising concerns among governments and economists about the potential impact on inflation and economic growth worldwide.

The meeting in Brussels is expected to focus on whether European countries should play a larger role in protecting maritime traffic in the Gulf as tensions continue to escalate.

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Qatar Intercepts Missiles as Authorities Activate Emergency Preparedness Measures

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Qatar intercepted missiles targeting the country early Saturday, prompting precautionary evacuations in parts of the capital as authorities activated emergency preparedness measures and reassured residents about the stability of supply chains.

The Qatari defence ministry said the country’s armed forces intercepted incoming missiles in two waves during the early hours of the morning. Journalists and residents in Doha reported hearing air raid alerts followed by the sound of interceptor missiles destroying incoming projectiles at around 2:00 a.m. and again at approximately 5:45 a.m., with loud explosions shaking parts of the city.

Authorities said the situation was handled by defence systems, while the government began precautionary safety steps in several areas.

The interior ministry announced temporary evacuations affecting residents who received notifications through the National Alert System. Officials said alternative accommodation had been arranged for those impacted, though some residents opted to move to other safe locations until the threat subsided.

Witnesses reported evacuations in parts of Msheireb Downtown Doha, a central district that includes government offices and international companies. Some residents and journalists also said areas within Education City were cleared as a precaution. The district hosts branch campuses of several American universities and international institutions.

Officials have not publicly listed the exact neighbourhoods included in the evacuation notices, urging the public to rely on official announcements and follow instructions from authorities.

Shortly before the evacuation alerts were issued, the Islamic Revolutionary Guard Corps published a warning on social media advising employees working at major US technology companies in Gulf countries to leave office areas along with residents living nearby. The message referenced technology hubs in cities including Doha, Dubai and Riyadh.

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Qatari officials moved quickly to reassure the public that emergency planning and supply chains remain secure. Interior Minister Sheikh Khalifa bin Hamad bin Khalifa Al-Thani said the country maintains strategic reserves of essential medicines sufficient for about nine months, along with medical supplies capable of supporting healthcare services for up to a year if needed.

Authorities also emphasised the continued flow of goods into the country. National carrier Qatar Airways said it has transported nearly 300 tonnes of essential cargo into Qatar since the beginning of March. The shipments include medicines, baby formula, fresh food and medical equipment.

The airline said cargo flights are continuing through temporary air corridors authorised by the Qatar Civil Aviation Authority to maintain supply routes despite regional airspace disruptions.

Government officials said the country’s emergency plans are designed to ensure public safety while maintaining essential services during periods of regional tension. Authorities urged residents to remain calm and stay informed through official communication channels as security forces continue monitoring the situation.

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