Dream reaches $3 billion valuation following $260 million funding round

The investment has raised the company's valuation to $3 billion, just three years after its founding.

According to a statement from Dream Group, the financing round was jointly led by Bicycle Capital and Group 11, with participation from Antler, Bain Capital Ventures, Tru Arrow Partners, and other global investors.

Since launching commercial operations at the end of 2024, Dream has secured contracts valued at nearly $300 million.

The new funding will accelerate the deployment of Dream's sovereign artificial intelligence and national cyber defense platform across Europe, the Middle East, Asia, and the Americas.

According to the company, artificial intelligence is becoming the next critical layer of infrastructure. However, most governments still lack control over the AI systems they increasingly rely on, depending instead on models developed by foreign companies, infrastructure they do not own, and technologies that may be restricted, disrupted, or withdrawn.

At the same time, government data often remains fragmented across ministries, agencies, and critical infrastructure systems.

As AI becomes increasingly central to national security, economic competitiveness, and public services, governments face a fundamental choice: continue relying on systems they do not control or build capabilities they fully own and manage.

Dream was founded to address this challenge.

"Land created empires. Industry-created nations. Artificial intelligence will create the next superpowers," said Dream co-founder and CEO Shalev Julio.

"Every country has data, but few can adequately protect it. Even fewer can fully utilize it. Sovereign artificial intelligence is the answer. We built Dream to help governments secure their information, transform it into knowledge, and convert that knowledge into national capabilities. A nation's future should never depend on technology it does not control," he added.

Dream President and co-founder Sebastian Kurz emphasized that the key question for governments is no longer whether they will use artificial intelligence, but whether they will own and control it.

"Countries that want to shape their future must have the ability to operate advanced AI systems under their own authority, on infrastructure they manage themselves, and in accordance with their national interests. Sovereign AI has become a foundational layer of resilience, competitiveness, and security. Nations that develop and control their own AI capabilities will be better positioned to protect critical infrastructure, improve public services, enhance decision-making, and safeguard their strategic interests," he said.

To address these challenges, Dream has developed three platforms:

Sphere helps governments and critical infrastructure operators defend against state-sponsored cyber threats. The platform combines cyber intelligence, exposure risk management, attack-path analysis, digital twin technology, and AI-powered detection and response into a unified national cyber defense system.

Hero is an AI-powered security researcher that identifies vulnerabilities, maps potential attack paths, and analyzes threats from an adversarial perspective at machine speed. It continuously tests cyber defenses and helps governments identify weaknesses before attackers can exploit them.

Atlas is Dream's sovereign AI platform. It enables governments to connect fragmented national data, transform information into structured knowledge, deploy mission-specific AI models and agents, and generate actionable insights within fully secure, government-controlled environments.

Together, these platforms enable governments to protect, understand, and leverage one of their most valuable strategic assets: information.

"Governments around the world are increasingly seeking secure and sovereign ways to deploy artificial intelligence," said Bicycle Capital co-founder and managing partner Shu Natta.

Group 11 founding partner Dovi Francis noted that the fund invested in Dream during its early financing stage and has led or co-led nearly every funding round since then.