PANews, June 18 – According to Bloomberg, Israeli artificial intelligence and cybersecurity company Dream has completed a $260 million funding round, with a post-money valuation of approximately $3 billion, nearly tripling from its roughly $1 billion valuation in February 2025. This round was led by Bicycle Capital and Group 11, with participation from Bain Capital Ventures, Antler, Tru Arrow Partners, and others. Dream was founded in 2023 by former NSO Group CEO Shalev Hulio and former Austrian Chancellor Sebastian Kurz, among others. Initially focused on national-level AI cyber defense, the company has now launched a sovereign AI platform and AI security product Hero for governments and state-owned enterprises. It has achieved cumulative sales of nearly $300 million and will accelerate deployment across Europe, the U.S., the Middle East, Asia, and the Americas.