Dream, an artificial intelligence company providing cybersecurity services to governments and critical infrastructure operators such as hospitals and utilities, raised $100 million at a valuation of $1.1 billion.
The mentioned firm’s funding round was led by Bain Capital Ventures. Investors such as Dovi Frances’ Group 11, Tru Arrow Partners, Abu Dhabi-based Tau Capital, and venture company Aleph also participated in this process. This was stated by Dream co-founders Shalev Hulio and Sebastian Kurz during a conversation with media representatives.
The mentioned company, based in Tel Aviv, had a valuation of roughly $190 million during the funding round in November 2023.
Shalev Hulio stated that cyberattacks can impose a real threat to a person’s daily life. In this case, among other things, ATM outages, vulnerability of electric grids and utilities, and the Colonial Pipeline ransomware attack in 2021, which led to fuel shortages, were implied. Shalev Hulio stated that the mentioned digital attacks, which have specific material and financial consequences, are becoming more sophisticated.
It is worth noting that against the background of the active development of advanced technologies, including artificial intelligence, the issue of cybersecurity is growing in urgency. Scammers also have access to AI tools. To counteract the corresponding threat in the cyber environment, personal awareness of users is important. For example, an Internet search query such as how to know if my camera is hacked will allow anyone to get information about signs of unauthorized access to the device.
