Dream raises $260m at $3bn, tripling its value in 16 months
Sixteen months ago, Dream was a billion-dollar company. This week it is worth three. The Israeli AI and cybersecurity firm has raised $260m in a round that valued it at $3bn, nearly tripling the $1.1bn it commanded in February 2025, a pace of revaluation that says as much about the market for defensive AI as it does about the company itself.
The round was led by Bicycle Capital and Group 11, with Bain Capital Ventures, Antler, and Tru Arrow Partners also taking part. Bain had led Dream’s previous round, the $100m-plus raise that first lifted it into unicorn territory, and its return is the kind of follow-on that tends to anchor a step-up of this size.
The new capital lands less than a year and a half after the last, in a sector where rounds are now stacked closer and closer together.
What Dream sells is national-scale cyber defence. The...
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