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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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Anak Krakatoa Eruption Disrupts Flights at Indonesia’s Main Airport

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Indonesia’s Soekarno-Hatta International Airport suspended flight operations on Sunday after ash from an eruption of the Anak Krakatoa volcano was detected in the surrounding airspace, disrupting travel for thousands of passengers.

The active volcano, located in the Sunda Strait between the islands of Java and Sumatra, began erupting on Saturday. Indonesia’s geology agency reported a lava fountain, along with booming sounds and tremors that were felt and heard by residents in several areas.

Airport operations were suspended at about 1:30 a.m. local time on Sunday after volcanic ash was detected near the airport. Authorities later extended the closure after further testing confirmed the presence of ash in the area.

Indonesia’s Transport Ministry said the latest paper test produced positive results for volcanic ash around Soekarno-Hatta International Airport. The closure was extended until 9:30 a.m. local time, according to the ministry.

The disruption affected more than 22,000 passengers and 209 flights, officials said. International services, particularly flights operating to and from Singapore, were among those affected.

Flights serving Doha, Sydney and Kuala Lumpur were also disrupted. Local airport authorities reported that at least 16 domestic flights to Bali were cancelled as a result of the eruption and the resulting ash threat.

Volcanic ash can pose serious risks to aircraft because particles can enter jet engines and damage critical components. Airlines and aviation authorities therefore monitor volcanic activity closely and may suspend flights when ash clouds threaten flight paths or airports.

Anak Krakatoa, meaning “Child of Krakatoa”, emerged after the catastrophic 1883 eruption of Krakatoa, one of the most powerful volcanic eruptions recorded in history. The volcano has remained active and has experienced repeated eruptions in recent years.

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The latest activity has prompted authorities to closely monitor the volcano and surrounding airspace. Residents in areas near the Sunda Strait have also reported the sounds and tremors associated with the eruption.

The disruption at Soekarno-Hatta, one of Indonesia’s busiest airports, highlights the wider impact volcanic activity can have on air travel. Even when an eruption occurs some distance from an airport, airborne ash can force airlines to cancel or reroute services.

Airlines were expected to continue assessing conditions as authorities monitored the movement and concentration of volcanic ash.

Passengers affected by the cancellations and delays have been advised to check with their airlines for updated schedules and alternative arrangements. The duration of any further disruption will depend on volcanic activity and the presence of ash in areas used by aircraft.

Authorities continue to monitor Anak Krakatoa as the volcano remains active.

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Gyirong Port Reduced to Ruins as China-Nepal Flood Disaster Leaves Hundreds Missing

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Gyirong Port, once a busy border crossing between China and Nepal, has been almost completely destroyed after a massive landslide and flood swept through the area, leaving hundreds of people missing on the Chinese side.

The high-altitude border hub has been reduced to a field of rocks, gravel, mud and debris. Emergency teams continue searching the unstable site, where the remains of the former checkpoint are barely visible.

The disaster struck on August 26 when a huge surge of water hit Gyirong Port after a landslide. The flood then moved into Nepal, causing widespread destruction and killing more than 1,000 people across the two countries, according to authorities.

The five-storey border checkpoint, which once handled tourists and traders travelling between the two countries, has been destroyed. Only parts of its foundations remain. Nearby facilities, including travel agencies, a supermarket and a bridge linking China with Nepal, were also swept away.

Rescue operations have been complicated by unstable ground, heavy rain, landslides and mountainous terrain. Emergency workers have also faced the danger of temporary barrier lakes created when debris blocked sections of a nearby river.

Chinese authorities said 31 people had been confirmed dead and 531 were missing on their side of the border in their latest update. More than 250 foreigners were among those reported missing, according to local officials in Tibet.

The absence of a publicly released list of missing people has caused concern among families searching for relatives who may have been at the port when the flooding occurred. Information from the Chinese side has emerged more slowly than updates from Nepal, where authorities have regularly reported rescue and casualty figures.

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Chinese authorities have defended their handling of the disaster and organised a visit for international journalists to the restricted area to demonstrate the ongoing rescue effort.

Access to Gyirong Port has been particularly difficult. The journey from Lhasa to the affected region takes several hours through mountain roads reaching elevations of nearly 13,000 feet. The final route to the port involves narrow roads and numerous sharp bends.

Thousands of rescue workers and heavy machinery were able to enter the area only after roads were cleared several days after the disaster. Before that, smaller teams had reached the site on foot, by boat or by aircraft.

Authorities have also warned of further hazards linked to a damaged glacier on Nepal’s Langtang Lirung mountain, which was connected to the landslide and flooding.

The disaster has raised concerns about the need for stronger monitoring, information sharing and early-warning systems between China and Nepal as extreme natural events become harder to predict.

For now, rescue teams remain focused on recovering victims and finding answers for families still waiting for news of their missing relatives.

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When Smartphone Use Becomes a Problem: The Rise of Digital Disorders

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Smartphones and social media have become part of everyday life, but experts are increasingly examining what happens when digital habits become difficult to control. Behaviours such as doomscrolling, FOMO, nomophobia and problematic social media use are attracting growing attention as they begin to interfere with sleep, work, education, relationships and physical activity.

Not every person who spends hours online has an addiction. The key issue is whether someone can control their behaviour and whether excessive use causes significant problems in daily life.

Gaming disorder is currently the clearest example of a recognised digital condition. The World Health Organization includes it in the ICD-11 classification. It involves losing control over gaming, giving it greater priority than other activities and continuing to play despite harmful consequences. Symptoms generally need to persist for at least 12 months and cause substantial disruption to personal, social, educational or professional life.

Social media addiction is less clearly defined. It is not currently recognised as a separate ICD-11 diagnosis, but researchers often describe problematic social media use. Warning signs include repeatedly checking platforms, spending longer online than intended, becoming distressed when access is unavailable and neglecting other responsibilities.

A major WHO survey involving almost 280,000 adolescents aged 11, 13 and 15 across 44 countries and regions found that 11% showed signs of problematic social media use, up from 7% in 2018. The figure was 13% among girls and 9% among boys.

FOMO, or the fear of missing out, can also encourage repeated checking of messages, social networks and news. Researchers have linked FOMO with problematic online behaviour and difficulties managing emotions.

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Doomscrolling describes repeatedly consuming negative news about wars, disasters, accidents and other crises. Although people may seek information to feel prepared, constant exposure to distressing material can increase anxiety and create a cycle of worry and further checking.

Nomophobia refers to anxiety associated with being without a mobile phone or losing access to digital connections. It is not an official medical diagnosis, but researchers are studying its relationship with FOMO, social media use and anxiety.

Other technology-related experiences include phantom vibration syndrome, where people believe their phone has vibrated when it has not, and sleep problems caused by late-night screen use.

The physical effects can also matter. Long periods on smartphones may contribute to inactivity, eye strain and neck or muscle discomfort.

Experts say the most important question is not simply how many hours someone spends on a phone. It is whether they can put it down and whether continued use is damaging other parts of their life.

When digital activity begins taking priority over sleep, work, study, relationships or physical activity, it may be time to reconsider how technology is being used.

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