In video from Gaza, former CEO of Pegasus spyware announces millions for new venture

Dream Security has a raft of NSO Group vets at the helm, and deep ties to the Israeli and international right

Georgia Gee

IT WAS AN UNUSUAL place for a tech company to announce a successful $33 million round of venture capital fundraising. But, on November 7, former NSO Group CEO Shalev Hulio and two colleagues stood in the Gaza Strip, stared into a laptop’s built-in webcam, and did exactly that.

“We are here on the Gaza border,” said Hulio, the Israeli entrepreneur, on a little-noted YouTube video released by his new start-up, Dream Security. Hulio, a reservist who had been called up for duty, appeared in the video with a gun slung over his shoulder.

“It’s very emotional,” he said. “After all of us being here, some of us reserves, some of us helping the government in many other ways, I think that doing it here is a great message to the high-tech community and the people of Israel.”

Hulio, who stepped down from his role at NSO in August 2022, was sending a clear signal: He was back.

After a rocky few years, marred by revelationsOpens in a new tab about the role of NSO’s spyware in human rights abuses and the company’s blacklisting by the U.S. government, Hulio and his team were using the moment — timed exactly one month after Hamas’s attack — to announce lofty ambitions for their new cybersecurity firm, Dream Security.

“Israeli high-tech is not only here to stay, but will grow better out of this,” said Michael Eisenberg, an Israeli American venture capitalist and Dream co-founder, in the promo video. “It’s going to deliver on time, wherever it’s needed, to whatever country or whatever company it’s needed at.”…

https://theintercept.com/2024/01/18/israel-nso-group-shalev-hulio-dream-security/?utm_medium=email&utm_source=The%20Intercept%20Newsletter

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