Peregrine Technologies announced that it has raised $250 million in Series D financing at a $6.8 billion valuation. The round was led by existing investors, including Fifth Down Capital, Sequoia Capital, OG Venture Partners, Goldcrest Capital, XYZ Ventures, and Godfrey Capital.
Peregrine said the new financing will support its expansion across government and enterprise markets as it continues launching new product capabilities.
The funding comes as Peregrine continues to grow across state and local government while expanding into federal, enterprise, and international markets.
The company has also opened new offices in Toronto and London.
Over the past year, Peregrine doubled its customer base and now supports more than 400 agencies and organizations across North America.
The company said those customers serve more than 125 million people.
Peregrine’s platform helps organizations unify information across siloed systems and put that information to work in a secure and permission-aware environment.
Rather than creating or collecting new data, the platform helps customers make better use of the information they already maintain.
Peregrine said governance, auditability, and purpose-based access are built directly into operational workflows.
Customers use Peregrine for a range of operational challenges across public works, public safety, emergency response, and large-scale event coordination.
The company said its platform has been used to coordinate operations for the Super Bowl, the Grammys, the World Series, the Kentucky Derby, the Academy Awards, and eight of the 11 World Cup host cities this summer.
In Fairfax County, Virginia, investigators used Peregrine to help identify a child abduction suspect in 13 minutes.
In Manatee County, Florida, the platform has supported hurricane response and recovery operations.
Cities from San Francisco to Atlanta have used Peregrine to support public safety outcomes.
And in Kansas City, Peregrine has supported SAVE KC, a data-driven focused deterrence initiative credited with helping drive an 18% decline in violent crime.
The company said its growth reflects increasing demand for AI systems built for real-world operations where security, governance, speed, and accountability are critical.
Peregrine has expanded across government and public safety agencies in the U.S., Canada, and the U.K.
The company has also launched commercial pilots in sectors including financial services and travel.
The new financing will support continued investment in product development, expansion of Peregrine’s engineering and implementation teams, international growth, and a liquidity opportunity for employees.
Founded in 2018, Peregrine has more than 450 employees across offices in San Francisco, Washington, D.C., New York City, Toronto, and London.
KEY QUOTES:
“From public works to public safety, Peregrine was built to help state and local governments better serve their communities. Protection of privacy and civil liberties has been at the core of the product since day one, reflected in the permissions, auditability, and security controls built into the platform. We give customers the speed and precision of advanced AI, grounded in human decision-making, with the controls that our customers—and the communities they serve—demand.”
“State and local government remains foundational to Peregrine. Our customer agencies operate in complex, high-stakes environments where decisions carry real consequences for the communities they serve, and building alongside them has shaped a platform with the depth, reliability, and flexibility to serve a much broader set of organizations. This financing reflects the size of the opportunity in front of us and the trust customers across markets are placing in Peregrine to help them operate more effectively, securely, and responsibly as they enter a new era of advanced technologies.”
Nick Noone, Co-Founder and CEO of Peregrine Technologies
“Peregrine has built a platform that aims to solve some of the most important problems its customers face. What we believe makes Peregrine different is the combination of its technical talent and rigor, a product sophisticated enough for the most complex environments, and its distinctive implementation approach.”
Andy Spellman, Founder and CEO of Fifth Down Capital
“To make AI work inside a complex organization, the model is not enough. It needs context. It needs to understand where information lives, what your terms mean, who is allowed to see what, and the rules your organization follows. This is what we have built: the platform that gives AI the context it needs to help people and organizations complete the missions that matter most.”
Ben Rudolph, Co-Founder and CTO of Peregrine Technologies
