Dream, the Israeli AI cybersecurity firm co-founded by former NSO Group CEO Shalev Hulio, has secured $260 million in new funding. This latest round values the company at $3 billion, nearly tripling its valuation from just over a year ago.
The capital injection supports Dream’s strategic pivot from offensive surveillance technology to defensive artificial intelligence. The platform utilizes predictive threat detection to secure operational technology and information technology environments across power grids and government networks.
In February 2026, the company launched Israel’s first sovereign AI data center near Modi’in. This facility is engineered to process mission-critical AI workloads specifically for government operations and national defense.
This funding follows a $100 million Series B led by Bain Capital in early 2025. Dream has now raised at least $360 million across its last two known rounds as it expands its footprint in the critical infrastructure security sector.