AI startup Dream raises $100 million at $1.1 billion valuation

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AI-based security company Dream said that it has raised $100 million in a funding round led by Bain Capital Ventures on Monday, giving the company a valuation of $1.1 billion.

Additional investors in the funding include Group 11, Tru Arrow, Tau Capital and Aleph.

Investors’ interest in artificial intelligence remains robust as companies scramble to incorporate AI-driven efficiencies into their operations, despite an overall muted venture capital market.

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AI startup Dream raises $100 million at $1.1 billion valuation


AI-based security company Dream said that it has raised $100 million in a funding round led by Bain Capital Ventures on Monday, giving the company a valuation of $1.1 billion.

Additional investors in the funding include Group 11, Tru Arrow, Tau Capital and Aleph.

Investors’ interest in artificial intelligence remains robust as companies scramble to incorporate AI-driven efficiencies into their operations, despite an overall muted venture capital market.

Discover the stories of your interest



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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