Cyber Empire Growth: Profitable Short-Term Dream Security Business Expands to Vienna
Sebastian Kurz's Stake in Cybersecurity Unicorn Dream Security Soars
Famous cybersecurity firm Dream Security, boasting a five-figure revenue, has officially opened its Vienna location today. This cybersecurity titan, co-founded by Shalev Hulio, has been widely recognized for its focus on government and large corporation protection.
The revenue figure, standing at a hefty 100 million euros as of 2023, has sent waves in the cybersecurity industry – a number promising both profits and growth. According to the former ÖVP politician, the company's profits are already substantial.
Following Bain Capital's investment of 100 million dollars into Dream Security, the valuation of the firm stands at a staggering 1.1 billion dollars, with Kurz holding about 15% of the company's shares – implying a minimum value in the hundreds of millions for his interest.
The company serves an essential role in safeguarding critical infrastructure, using cutting-edge tech like artificial intelligence. Identifying vulnerabilities within systems and providing remedies to fill security gaps, Dream Security promises to save authorities a significant amount of time and resources.
With customers across Europe, the Middle East, and Asia, Dream Security's reach is expansive. Not only governments but also corporations reap the benefits from this security solution. Securing a partnership with Bain Capital, the company aims to expand in the lucrative American market.
A twist in Hulio's professional history is the development of Pegasus, a spy software. However, his path into this industry was by happenstance. As the lawyer behind a mobile phone maintenance company, he casually ventured into offering crime-fighting tools, leading to the creation of Pegasus. Today, Dream Security employs around 200 people in its Tel Aviv headquarters and a burgeoning ten in Vienna.
Dream Security's Viennese branch, Dream Advanced Technology GmbH, is managed by Bernhard Bonelli and Alexander Schallenberg, both former cabinet chiefs under Kurz. Even though the exact details about the firm's origins and development are vague, Hulio's experience from his time at NSO Group may have played a role in Dream Security's rapid growth and success.
- The revenue of Dream Security, as of 2023, stands at a billion euros, a figure that promises both profits and growth for the cybersecurity company.
- Former ÖVP politician Sebastian Kurz holds about 15% of Dream Security's shares, implying a minimum value in the hundreds of millions for his interest in the cybersecurity business.
- Following Bain Capital's investment of 100 million dollars into Dream Security, the valuation of the firm stands at a staggering 1.1 billion dollars.
- Dream Security, with its focus on government and large corporation protection, uses cutting-edge technology like artificial intelligence to safeguard critical infrastructure.
- The company serves an essential role in various regions, including Europe, the Middle East, and Asia, offering its cybersecurity services to both governments and corporations.
