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Dream AI Raises $35 Million – Co-Founded by Former Austrian Chancellor

Dream AI

SHALEV HULIO co-founder and CEO Dream AI (from website)

Dream Security, or Dream AI, is an Israeli cybersecurity startup founded by people who previously worked for the controversial Israeli firm NSO Group and a former Austrian Chancellor. Dream Ai provides cybersecurity protection for government agencies, large corporations and critical infrastructures. The company raised $35 million in a financing round led by Michael Eisenberg’s Aleph and Dovi France’s Group 11.

Dream AI was established in 2022 by the former NSO Group CEO Shalev Hulio, former Austrian Chancellor Sebastian Kurz and Gil Dolev, formerly of Adallom, NSO and Israel’s Prime Ministers Office. Dream AI boasts that its platform is designed to create a unified security system, safeguarding critical assets from both existing cyber attacks and future generative cyber threats. The platform focuses on identifying and prioritizing actions for the mysterious “unknowns” of cyber threats.

Dream’s nation-level platform combines both the AI and cybersecurity domains to protect critical assets from the sophisticated attacks of today, and the generative threats of tomorrow. Leveraging the advanced capabilities of AI, not merely as an instrument, but as the foundational architecture of our strategic methodology, Dream is rewriting the cyber landscape with a category-defining AI platform.

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“We transform diverse cyber data into clear and meaningful narratives and actionable defense strategies in real-time,” declares Dream AI.

Shalev Hulio, still a CEO but now at Dream AI, spoke with Globes about making such a raise at a time of War as the war in Gaza is causing problems for Israel’s economy.

“Foreign funds don’t want to invest here and are afraid and nobody knows what is going to happen in Israel,” he said. “Even customers are hesitating. It was very important for us to do something symbolic.

Hulio was actually serving in the IDF reserves at the time of the raise.

“The most touching thing is that I was in the army reserves when the signing took place,” he said, “so Michael [Eisenberg] and all the management came to the Gaza border and the deal was signed there, while I was in uniform..”

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