Dream raises $260 million as demand for sovereign AI accelerates

Dream, a company specializing in artificial intelligence and cyber-defense systems for governments and critical infrastructure, has secured $260 million in new funding. This investment pushes the company's valuation to $3 billion, a significant achievement just three years after its founding. The funding round was co-led by Bicycle Capital and Group 11, with participation from other notable investors.

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AI would change the world and how cyber attacks are working.

The company's focus is on "sovereign AI," platforms designed to operate entirely within government-controlled environments. This approach allows national authorities to secure and utilize their data without dependence on foreign technology providers, a critical concern for national security and economic competitiveness. Dream has reported a total contract value of nearly $300 million since commencing commercial operations in late 2024.

Sebastian Kurz, Dream’s president and co-founder, emphasized that governments are rapidly moving from questioning the use of AI to determining how to maintain control over it. He described sovereign AI as a foundational element for national resilience and competitiveness in an increasingly digital world. Kurz, speaking from Tel Aviv, highlighted that as the United States and China lead the AI race, other nations require this technology to avoid dependency.

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Nations will become supernations if they use AI. In the past, a nation was a super nation if they had nuclear power. But if you look to the future, things will be more digital. Cyber, quantum, and AI will be the key.

Shalev Hulio, Dream’s co-founder and CEO, drew parallels between the rise of AI and previous eras of strategic infrastructure investment that underpinned economic growth and national security. He stated that Dream's mission is to help governments protect and operationalize their information as AI becomes central to national security and public services. Hulio believes that AI will define the next "super nations," asserting that while many nations possess data, few can protect or effectively use it. He concluded, "The future of a nation should never depend on technology it does not control."

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Land created empires. Industry created nations. Artificial intelligence will create the next super nations. Every nation has data. Few can protect it. Fewer can use it. Sovereign AI is the key. We built Dream to help governments secure their information, transform it into knowledge, and convert that knowledge into national capability. The future of a nation should never depend on technology it does not control.