Public Safety AI company Peregrine has completed a $250 million Series D funding round, led by Sequoia Capital.

June 22 — U.S. public safety AI firm Peregrine Technologies has closed a $250 million Series D funding round, lifting its valuation to $6.8 billion. That’s nearly triple the $2.5 billion valuation the startup held just 15 months prior, with the round led by existing backers including Sequoia Capital. Peregrine’s core product is a government-focused data integration platform that connects disparate municipal datasets — such as police records, 911 call logs, license databases, sensor feeds, and emergency management systems — for real-time access. The tool includes role-based access controls and full audit tracking, with a critical distinction: the platform does not collect or store any data itself. Currently, Peregrine serves over 400 law enforcement agencies across North America, covering roughly 125 million people. It’s also operational in 8 of the 11 Safety Operations Centers for the 2026 FIFA World Cup, based at the event’s host cities. Co-founder and CEO Nick Noone previously led Palantir’s Special Warfare unit, where he oversaw an intelligence platform used to track ISIS. Co-founder and CTO Ben Rudolph built data infrastructure for the United Nations Refugee Agency before joining the company. The new capital will go toward four priorities: product development, expanding engineering and implementation teams, international growth, and employee liquidity initiatives. Noone noted that no final IPO decision has been made, though Peregrine is preparing internally for a potential public listing. The global government AI market is projected to hit $25 billion by 2025, with growth to $109 billion by 2035. Still, the firm faces a key hurdle: ongoing public debate over citizen privacy linked to AI-powered law enforcement surveillance.