Dream Security
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| Private | |
| ISIN | 🆔 |
| Industry |
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| Founded 📆 | January 6, 2023 |
| Founders 👔 |
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| Headquarters 🏙️ | , |
Area served 🗺️ | |
Key people |
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| Members | |
Number of employees | c. 220 (2025) |
| 🌐 Website | dreamgroup |
| 📇 Address | |
| 📞 telephone | |
Dream Security is a global artificial intelligence and sovereign AI company founded in January 2023. The company's name is an acronym for Detect, Respond and Management.[1] Dream develops sovereign AI platforms for governments and national critical infrastructure, offering on-premise systems that operate in air-gapped environments without reliance on external cloud services. Dream reached unicorn status in February 2025.[2][3] Group 11, a venture capital firm led by Israeli-American investor Dovi Frances, has been the company's largest investor since its inception.[4]
Founding
Dream Security was founded on January 6, 2023, by Shalev Hulio, Sebastian Kurz, and Gil Dolev. The two met by chance in 2022 when Kurz visited Tel Aviv and was picked up from Ben Gurion Airport by Hulio, after the original driver was unavailable. By the end of the trip, the two had agreed to explore building something together.[4][5] They identified a gap in the market: of roughly 5,000 cybersecurity companies worldwide, none had built products specifically designed for governments.[1]
Founders
Shalev Hulio (Co-founder and CEO) previously co-founded NSO Group in 2010, where he served as CEO and oversaw the development of Pegasus, a mobile intelligence tool used by law enforcement agencies in over 70 countries. He left NSO in 2021.[3] Before NSO, Hulio co-founded Mediand (2006) and Communitech, a mobile remote-access company.[1] He serves as a commander of a search-and-rescue unit in the Israeli army reserves.[6]
Sebastian Kurz (Co-founder and President) served twice as Chancellor of Austria, first elected at the age of 31, making him the youngest head of government in the world at the time.[4] After leaving politics in 2021, Kurz worked with entrepreneur Peter Thiel at Thiel Capital before co-founding Dream.[5] At Dream, Kurz leads government relations and international business development.[4]
Gil Dolev (Co-founder and CTO) leads Dream's technical architecture and research. He previously founded Wayout Group, an IoT-focused cyber intelligence company, and has a background in cybersecurity and enterprise software.[7]
Products
Dream develops AI-based cybersecurity technology designed to protect governments and national critical infrastructure against sophisticated cyber threats.[2][3] The company's core technology is a Cyber Language Model (CLM), a large language model trained on cybersecurity-relevant data that enables mapping of a client's entire network, identification of vulnerabilities, and neutralization of threats.[8][7] Dream's platform is designed for the large-scale, geographically distributed IT environments characteristic of government networks, which differ significantly in architecture and security requirements from commercial enterprise systems.[2][5]
Funding
| Round | Date | Amount | Valuation | Lead Investor |
|---|---|---|---|---|
| Seed | January 2023 | $20M | $70M | Group 11 |
| Series A | November 7, 2023 | $35M | $190M | Group 11, Aleph |
| Series B | February 2025 | $100M | $1.1B | Bain Capital Ventures |
Group 11 led the original seed round and co-led the Series A alongside Michael Eisenberg of venture firm Aleph.[7] Bain Capital Ventures led the Series B in February 2025, bringing Dream to a $1.1 billion valuation and unicorn status, making it Israel's first unicorn of 2025.[2][3][4] The company employs approximately 220 people and had generated more than $130 million in annual sales in 2024 to governments and national cybersecurity organizations.[2][6] Following the round, Enrique Salem (former CEO of Symantec and former chairman of Mandiant) and General (ret.) Shlomo Yanai (former CEO of Teva Pharmaceutical) joined the company's board of directors.[8]
Among the notable individual investors who participated in early rounds are Assaf Rappaport (co-founder of Wiz, acquired by Google for $32 billion), Matthew Bronfman, Yevgeny Dibrov and Nadir Izrael (co-founders of Armis).[1][5]
References
- ↑ 1.0 1.1 1.2 1.3 Gilead, Assaf (2022-10-12). "Former NSO CEO and ex-Austrian Chancellor found startup". Globes.
- ↑ 2.0 2.1 2.2 2.3 2.4 Wrobel, Sharon (2025-02-17). "Israeli AI cybersecurity startup valued at $1.1 billion after major funding round". The Times of Israel.
- ↑ 3.0 3.1 3.2 3.3 Newman, Marissa (2025-12-22). "The Rehabilitation of an Israeli Spyware Mogul". Bloomberg Businessweek.
- ↑ 4.0 4.1 4.2 4.3 4.4 Krieger, Candice (2025-09-18). "From chancellor to tech entrepreneur: Sebastian Kurz's billion-dollar pivot with Israeli co-founder". Jewish News.
- ↑ 5.0 5.1 5.2 5.3 Shchaf, Tal (2025-04-11). "יש לנו קליק". Ynet.
- ↑ 6.0 6.1 Chernova, Yuliya (2025-06-16). "Israeli Startup Hub Under Missile Fire". The Wall Street Journal.
- ↑ 7.0 7.1 7.2 Chernova, Yuliya (2023-11-21). "Ex-CEO of NSO Group Raises $33.6 Million for Israeli Cyber Startup". The Wall Street Journal.
- ↑ 8.0 8.1 Gilead, Assaf (2025-08-31). "Dream Security raises $45m in secondary financing". Globes.
External links
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