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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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Spain and Portugal Hit by New Storms, Death Toll Rises

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Spain and Portugal endured fresh storms and torrential rain on Saturday, claiming another life just days after Storm Leonardo caused deadly flooding and widespread damage.

One person was killed in Portugal as heavy rainfall from Storm Marta swept across the Iberian Peninsula. Authorities reported that a 46-year-old member of the emergency services drowned in a river at Campo Maior, in the central Portalegre district, while attempting to cross a flooded area.

The extreme weather forced three municipalities in Portugal to postpone a presidential vote scheduled for Sunday by a week. Storms in recent weeks have already taken a heavy toll: Storm Kristin killed at least five people in Portugal last week, while Storm Leonardo claimed another victim on Wednesday.

Officials warned that the risk of flooding from the Tagus River in the central Santarém region remained at its highest level. Further south, in Alcácer do Sal, floodwaters from the Sado River had receded to the banks, though the city had previously been submerged, forcing residents to evacuate. Alcácer do Sal lies about 90 kilometres south of Lisbon.

In Spain, Storm Marta prompted the closure of dozens of roads as it moved northeast. In Ávila, a snow plough driver died on Saturday after the vehicle plunged down a 20-metre slope at the El Pico pass. According to the Directorate General of Traffic (DGT), more than 100 roads were closed in the early morning, mostly due to flooding, snow, or ice.

The province of Cadiz was the hardest hit, with several roads rendered impassable, followed by Cordoba and Seville. Snowstorms in mountainous regions led to road closures in Granada, Asturias, Salamanca, and Navarre.

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Spain’s State Meteorological Agency (Aemet) said rainfall would ease on Sunday in many areas but persist in some regions, including the Strait of Gibraltar, the Alboran Sea, Andalusian mountain ranges, the Balearic Islands, northeastern Catalonia, and the Cantabrian Sea. Locally heavy showers are expected, with thunderstorms and hail reported in some areas.

Authorities in both countries continue to urge residents to exercise caution, avoid flooded zones, and stay updated on weather alerts. Emergency services have been deployed to assist those affected by rising waters and to prevent further casualties.

The repeated storms across the Iberian Peninsula highlight the ongoing vulnerability of the region to severe weather events in recent weeks, with communities struggling to recover from back-to-back floods and heavy rains.

Spain and Portugal’s governments have stressed the importance of preparedness, especially in flood-prone regions, as meteorologists warn that unsettled weather may continue to affect the peninsula over the coming days.

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German Troops in Lithuania Face Hybrid Threats Amid Rising Tensions With Russia

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The German army brigade stationed in Lithuania is not under direct fire, but troops report facing hybrid attacks, including surveillance, psychological operations, and drone activity, as tensions with Russia persist in the Baltic region.

Soldiers have described unusual incidents, including mysterious phone calls where conversations from hours earlier were played back by unknown callers. “A comrade phones home, speaks for half an hour, and then gets a call from an unknown number. He answers – and hears his own conversation from earlier, recorded and played back,” Joshua Krebs wrote in his book, Inside Bundeswehr, calling the tactic “uncanny.”

Drones have also reportedly been used to monitor sensitive defence systems and exercises involving Germany’s Battletank Brigade 45 in Lithuania. Last year, a Russian reconnaissance aircraft entered Belarusian airspace during the Bundeswehr’s exercise Iron Wolf, raising concerns about Russian surveillance in the region.

Germany’s Inspector General, Carsten Breuer, described such incidents as “proof of the very real threat to Lithuania.” Federal Defence Minister Boris Pistorius echoed the warning during a meeting with his Lithuanian counterpart in Berlin, stressing that hybrid warfare poses a particular concern for Lithuania and the wider Baltic region.

The risks are compounded by Russian incursions into European airspace. In October 2025, two Russian fighter jets briefly entered Lithuanian airspace for approximately 18 seconds before turning back under NATO escort. German Chancellor Friedrich Merz described the incident as a “provocation,” with the aircraft thought to have flown from Russia’s Kaliningrad exclave.

Given the Baltic states’ proximity to Russian territory, the region is under constant NATO monitoring. Germany, Spain, and the UK currently lead the mission to police Baltic airspace, while Germany also supports ground operations, including deploying a mobile air force command post for air surveillance from January to March this year.

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Experts note that hybrid attacks often exist in a legal grey area. Unlike conventional military operations, many hybrid actions, such as surveillance or unmarked troop movements, cannot be directly attributed to a single actor, and international law does not automatically classify them as armed attacks under Article 51 of the UN Charter. The aim is often psychological: to provoke, unsettle, and signal presence without triggering a military response.

Incidents reminiscent of the “little green men” in Crimea have occurred in the Baltics. In December, Russian border guards briefly crossed into Estonia without authorization, prompting diplomatic protests rather than military retaliation. Armed men in unmarked uniforms were also spotted near the Estonian border earlier in the year, reinforcing concerns about Russia’s hybrid strategies.

According to Pistorius, these tactics are part of a broader pattern of Russian pressure. “The threat posed by Russia is felt more acutely in Lithuania and across the Baltic region than elsewhere in Europe,” he said, citing provocative airspace incursions and intelligence-gathering operations as ongoing challenges for NATO forces in the region.

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Greenland Mayor Condemns Comedian’s Flag Stunt Amid Tensions with US

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The mayor of Greenland’s capital has urged media professionals and content creators to act responsibly after a German comedian attempted to hoist the US flag in Nuuk, drawing outrage from local residents.

Bavarian comedian Maxi Schafroth, 41, tried to raise the Stars and Stripes near the city’s cultural centre on Thursday. Passers-by confronted him after he claimed to be a US official. Witnesses reported that locals reacted angrily, and Schafroth left the scene amid disapproving looks. Local authorities subsequently fined him, according to reports.

Avaaraq Olsen, mayor of Kommuneqarfik Sermersooq, the district that includes Nuuk, described the stunt as “immensely harmful.” She said the incident was particularly upsetting for children and families, who have already been anxious over US President Donald Trump’s repeated threats to seize Greenland, an autonomous Danish territory.

“Raising a flag at our capital cultural centre, the flag of a military superpower that for weeks has been implying military force against our country, is not a joke,” Olsen said in a statement. “When you amplify those fears for content, clicks, or laughs, you are not being bold or creative. You are adding to the distress of an already vulnerable population. So, pause before you film. Think before you stage something ‘funny.’ Consider whether your next question or stunt will inform the world or simply make a child cry or a family feel less safe in their own country.”

Schafroth is known in Germany for his work on the satirical programme “Extra Drei,” broadcast by the regional NDR channel, which attracts over one million viewers. NDR expressed regret over the incident in statements to Germany’s Der Spiegel and the Ritzau news agency.

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The stunt comes amid heightened international attention on Greenland following Trump’s long-standing territorial interest in the Arctic territory. Trump described owning Greenland as essential to US national security, claiming without evidence that Russia or China would otherwise seize control. His statements sparked a serious diplomatic crisis, considered the most severe in NATO’s history since the alliance was established in 1949.

Although the US president later backtracked on threats to use force, discussions between Washington, Copenhagen, and Nuuk are ongoing. Greenland’s government has been working to manage the stress and anxiety caused by the situation and to reassure its population that their safety remains a priority.

Local authorities stressed that Greenlanders, particularly children, remain worried over the uncertainty surrounding the territory’s international status. Olsen said the flag stunt, though intended as a humorous act, highlighted the need for content creators to consider the real-world impact of their actions on communities already facing heightened tension.

The incident underscores the lingering sensitivity in Greenland following months of international attention, and the city’s leadership has called for respect and caution in public displays that could inflame fear or insecurity among residents.

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