Since its founding in 2023, the startup has secured nearly $300 million in contract value, reflecting a growing global demand for AI that operates outside the influence of foreign commercial entities. The new capital, led by Bicycle Capital and Group 11, will accelerate the deployment of Dream’s technology across Europe, the Middle East, Asia, and the Americas. The firm operates on the premise that artificial intelligence is the next essential piece of national infrastructure, comparable to power grids or communication networks.
Dream Secures $260 Million to Build Sovereign AI for Nations
With a fresh $260 million funding round, Dream has reached a $3 billion valuation, positioning itself as a central provider of sovereign AI infrastructure. The company, co-founded by former Austrian Chancellor Sebastian Kurz, aims to help governments build and maintain control over their critical digital intelligence and defense systems.
Dream offers three core platforms designed to secure government data: Sphere, a national cyber defense system; Hero, an autonomous AI researcher for vulnerability detection; and Atlas, a sovereign environment for processing national data. Shalev Hulio, co-founder and CEO, argues that nations must move away from relying on external models that can be restricted or withdrawn. By providing tools for governments to manage their own information, the company seeks to turn fragmented ministry data into actionable national capabilities. The firm now employs approximately 350 people across offices in Tel Aviv, Abu Dhabi, and Vienna, with total funding reaching $412 million.
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