Public Safety AI Company Peregrine Completes $250 Million Series D Funding, Led by Sequoia Capital and Others

BlockBeats News, June 22 — American public safety AI company Peregrine Technologies completed a $250 million Series D funding round, valuing the company at $6.8 billion, just 15 months after its previous valuation of $2.5 billion, achieving nearly a threefold increase. This round was led by existing investors including Sequoia Capital.

Peregrine's core product is a government data integration platform that consolidates city data such as police records, 911 logs, license databases, sensor data, and emergency management systems, enabling real-time search. It also features role-based access control and comprehensive audit trails. The platform itself does not collect or hold any data. Currently, this platform serves over 400 law enforcement agencies, covering approximately 125 million people in North America, and is operating security fusion centers for 8 of the 11 host cities of the 2026 FIFA World Cup.

The company's co-founder and CEO, Nick Noone, previously led Palantir's special operations business, including an intelligence platform tracking ISIS; co-founder and CTO Ben Rudolph previously built data infrastructure at the United Nations Refugee Agency.

The company stated that the new funds will be used for product development, expanding engineering and implementation teams, international expansion, and employee liquidity arrangements. Noone said they have not yet decided on an IPO but are building internal infrastructure to prepare for going public.

The government AI market is estimated to be worth about $25 billion by 2025 and is expected to grow to $109 billion by 2035. However, ongoing challenges related to citizen privacy concerns surrounding AI law enforcement monitoring remain a persistent issue for Peregrine.