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Sensation in cyberspace: Ex-Chancellor Kurz takes off with Dream!
The startup Dream, founded by Sebastian Kurz, receives $100 million for cybersecurity solutions and plans expansion.
Sensation in cyberspace: Ex-Chancellor Kurz takes off with Dream!
The Israeli company Dream Security, founded in early 2023 by former NSO CEO Shalev Hulio, ex-German Chancellor Sebastian Kurz and Gil Dolev, recently closed a significant financing round of $100 million. This investment, led by Bain Capital, results in an impressive company valuation of $1.1 billion. Dream Security specializes in cybersecurity and offers innovative solutions to protect states and industrial companies from cyberattacks, particularly in the energy and infrastructure sectors.
With around 150 employees spread across locations in Tel Aviv, Abu Dhabi and Vienna, Dream highlights the importance of artificial intelligence to secure national and corporate infrastructures. The new cash injection will be used for expansion into the USA and South America. The company's history is remarkable, as the valuation before this financing round was only $54 million and the company had fewer than ten customers at the time Globes reported. According to current estimates, Dream Security's annual revenue is estimated at over $40 million, with annual recurring revenue of $100 million, which is expected to double by the end of 2025.
Strategic partnerships and future plans
Most notably, prominent investors such as Enrique Salem, former CEO of Symantec, and Shlomo Yanai, former CEO of Teva, were appointed to Dream's board. Salem brings extensive experience in the cybersecurity industry, while Yanai is well versed in infrastructure management. This underlines Dream's potential to take a leading role in the global competition for cybersecurity solutions 5 mins.
Dream Security has already made a name for itself by providing tailor-made security systems specifically for companies with complex, outdated infrastructure such as gas and electricity suppliers. With a focus on protecting critical national infrastructure and leveraging advanced technologies such as AI, Dream is positioning itself as a new star on the horizon of the cybersecurity world and is viewed as a potential leader in this increasingly important business area.