Bain Backs Israeli AI Startup Dream at $1.1 Billion Valuation

Dream, an artificial intelligence company that provides cybersecurity services to governments and critical infrastructure operators such as hospitals and utilities, has raised $100 million at a $1.1 billion valuation.

Bain Capital Ventures led the round and was joined by investors including Dovi Frances’ Group 11, Tru Arrow Partners, Abu Dhabi-based Tau Capital and venture firm Aleph, Dream co-founders Shalev Hulio and Sebastian Kurz said in an interview.

It marks an almost-sixfold jump from the roughly $190 million valuation ascribed in a November 2023 funding round, said Hulio, the chief executive officer of the Tel Aviv-based company.

Shalev Hulio, left, and Sebastian Kurz

Source: Dream

Hulio, who ...