About a year ago it became known that former Chancellor Sebastian Kurz, together with IT specialist Shalev Hulio, founded the Dream Security company in Israel. The cyber security start-up focuses on developing software that can quickly detect cyber threats using artificial intelligence and hence respond to them quickly.
The Wall Street Journal estimates that Dream Security is now worth $200 million. Sebastian Kurz reportedly owns 20 percent of the company, worth $40 million.
The focus is on protecting critical infrastructure. Dream Security aims to protect water and energy supplies from hacker and terrorist attacks. The target group is mainly government institutions in Europe.
Former NSO Group CEO Shalev Hulio, who rose to prominence with the Pegasus spy software, recently secured $33.6 million in funding for the Tel Aviv start-up amid Israel’s war against terrorist organization Hamas in the Gaza Strip. Michael Eisenberg, co-founder of venture capital firm Aleph, praised the company’s performance in the current difficult circumstances.
An initial investment of $20 million had already been collected for Dream Security. Kurz played a leading role in corporate development. During his tenure as Chancellor, Kurz said he experienced unprovoked attacks on government departments and infrastructure. This is what inspired him to take this step. Dream Security is currently focused on the European market and has no plans to offer services to undemocratic countries.