Dream Becomes Cybersecurity’s Newest Unicorn at $1.1 Billion Valuation

Series B injects $100 million to accelerate global expansion and advance Dream’s AI‑powered “Cyber Language Model”

TEL AVIV | VIENNA | ABU DHABI — 17 February 2025

Dream, the two‑year‑old start‑up building national‑scale cybersecurity with artificial intelligence, has closed a $100 million Series B led by Bain Capital Ventures, lifting the company’s valuation to $1.1 billion and making it the first Israeli AI‑cyber “unicorn” of 2025. Existing backers Group 11, Tru Arrow, Tau Capital and Aleph all participated in the round. 

Why this matters

Dream’s platform marries deep offensive‑cyber expertise with proprietary AI models “that think like both defender and attacker,” enabling governments to spot and neutralise nation‑state threats before they materialise. With critical infrastructure increasingly targeted by AI‑enabled adversaries, investors view Dream’s approach as a blueprint for next‑generation national cyber‑resilience. 

Product momentum

• Cyber Language Model (CLM): a first‑of‑its‑kind family of large language models trained exclusively on cyber telemetry (code, logs, threat intel) automating tasks that used to require elite security analysts.
• Zero‑integration deployment: Dream’s cloud architecture provides situational awareness across legacy, on‑prem and hybrid cloud estates in “record‑breaking time,” according to the company.
• Rapid revenue ramp: More than 30 national‑level customers across Europe, the Middle East and South‑East Asia generated over $130 million in sales last year. 

What the leaders are saying

“We founded Dream to deliver a solution built for nations, because cyber‑attacks on critical infrastructure now pose the defining security challenge of our era.”
— Shalev Hulio, Co‑Founder & CEO 

“Dream’s velocity, and the calibre of governments already relying on the platform, signal a step‑change in how countries will defend themselves.”
— Enrique Salem, Partner, Bain Capital Ventures & incoming board member 

Looking ahead

Dream will invest the new capital in three areas:

1. R&D: Scaling the CLM family and integrating predictive detection with posture management.
2. Market expansion: Entry into North and South America while deepening presence in EMEA and Asia‑Pacific.
3. Talent: Hiring across AI research, cyber‑threat operations and go‑to‑market teams in Tel Aviv, Vienna and Abu Dhabi. 

The bigger picture

The global market for AI‑driven cybersecurity tools is projected to reach $134 billion by 2030, growing at a 28 % CAGR as organisations move to counter increasingly automated threats. Dream’s milestone underscores investor conviction that specialised AI models, rather than generic LLMs, will dominate this segment. 

About Dream

Founded in 2023, Dream combines elite cyber researchers and AI scientists to deliver end‑to‑end national cyber‑defence. The company is backed by Bain Capital Ventures, Group 11, Tru Arrow, Tau Capital and Aleph.

For more information, visit dreamgroup.com 

Prepared by the Tau Capital communications team. All figures and quotes sourced from public press releases and media coverage dated 17–25 February 2025.

Sources: thenationalnews.com  businesswire.com