Dream Raised $260M for “Sovereign AI”

21 June, 2026

Has reached a $3 billion valuation. Dream provides tools that enable governments to control and secure National AI assets. The CEO Shalev Hulio: "The future of a nation should never depend on technology it does not control"

photo above: Dream co-founders Shalev Hulio (left) and Sebastian Kurz. CREDIT: Dream/Eclipse Media

The Austrian-Israeli AI and cyber defense company Dream, has reached a $3 billion valuation during a $260 million funding round co-led by Bicycle Capital and Group 11. The financing follows nearly $300 million in total contract value secured since Dream began commercial operations in late 2024. The new capital will accelerate deployment of Dream’s sovereign AI and national cyber defense platforms across Europe, the Middle East, Asia, and the Americas.

Dream provides tools to face a growing problem: While artificial intelligence is becoming the next critical infrastructure (following roads, power grids, communications networks, and defense systems) –  most governments do not control the AI systems they increasingly depend on. They rely on models built by foreign companies. Infrastructure they do not own. Technology that can be restricted, interrupted, or withdrawn. At the same time, the data that powers governments remains fragmented across ministries, agencies, and critical infrastructure.

The next super nations

The company helps nations secure their most sensitive information, transform fragmented data into actionable knowledge, and deploy advanced AI entirely under sovereign control. Founded in 2023 by Shalev Hulio, former Austrian Chancellor Sebastian Kurz, and Gil Dolev, Dream serves governments and critical infrastructure organizations across Europe, the Middle East, and Southeast Asia. The company employs approximately 350 people across Tel Aviv, Abu Dhabi, and Vienna. With this financing, Dream has raised $412 million.

“Land created empires. Industry created nations. Artificial intelligence will create the next super nations,” said Shalev Hulio, Co-Founder and CEO of Dream. “Every nation has data., but few can protect it and Fewer can use it. Sovereign AI is the key. The future of a nation should never depend on technology it does not control.”

Sebastian Kurz: “Nations that want to control their future need the ability to operate advanced AI under their own authority, on infrastructure they govern, and in alignment with their own interests. Sovereign AI is becoming a foundational layer of national resilience, competitiveness, and security.”

To face this callenge the company developed three platforms: Sphere helps governments and critical infrastructure operators defend against nation-state cyber threats. Hero is an autonomous AI security researcher that discovers vulnerabilities, identifies attack paths, and reasons like an adversary at machine speed to prevent the most sophisticated cyber threats, and Atlas is Dream’s sovereign AI platform. It enables governments to connect fragmented national data, transform information into structured knowledge, deploy mission-specific AI agents and models, and generate actionable insights entirely within secure government-controlled environments.

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Posted in: AI , News , Software and IT

Posted in tags: AI , Software

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