Israeli AI and cybersecurity firm Dream has raised $260 million in a funding round, boosting its valuation to approximately $3 billion. This marks a significant increase from its $1 billion valuation in February 2025. The funding round was led by Bicycle Capital and Group 11, with contributions from Bain Capital Ventures, Antler, and Tru Arrow Partners. Founded in 2023 by former NSO Group CEO Shalev Hulio and former Austrian Chancellor Sebastian Kurz, Dream initially focused on national-level AI cyber defense. The company has since launched a sovereign AI platform and the AI security product Hero, targeting governments and state-owned enterprises. With cumulative sales nearing $300 million, Dream plans to expand its deployment across Europe, the U.S., the Middle East, Asia, and the Americas.