Public safety AI company Peregrine completes $250 million Series D financing led by Sequoia Capital and others

ChainCatcher reports that US public safety AI company Peregrine Technologies has completed a $250 million Series D financing round, with its valuation reaching $6.8 billion. This marks an almost threefold increase in just 15 months since its previous round, which valued the company at $2.5 billion. The round was led by existing investors, including Sequoia Capital.

Peregrine’s core product is a government data integration platform that unifies city data such as police records, 911 logs, permit databases, sensor data, and emergency management systems for real-time searchability. The platform features built-in role-based access control and complete audit trails while not collecting or retaining any data itself. To date, the platform serves more than 400 law enforcement agencies, covering around 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 intelligence platforms for tracking ISIS; co-founder and CTO Ben Rudolph previously built data infrastructure at the UN Refugee Agency. According to the company, the newly raised funds will be used for product development, expanding engineering and implementation teams, international expansion, and employee liquidity arrangements. Noone noted that there is no decision yet on whether to IPO, but that internal infrastructure is being established to prepare for a potential public listing.

The government AI market is expected to be valued at approximately $25 billion in 2025 and is projected to grow to $109 billion by 2035. However, ongoing challenges remain for Peregrine regarding civil liberty concerns around AI-driven law enforcement surveillance.