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.