Peregrine Technologies Raises $250 Million Series D at $6.8 Billion Valuation

The funding round was led by existing investors, including Fifth Down Capital, Sequoia Capital, OG Venture Partners, Goldcrest Capital, XYZ Ventures, and Godfrey Capital.

The company plans to use the funding to continue developing its products, grow its engineering and implementation teams, expand internationally, and provide a liquidity opportunity for employees.

The funding comes as Peregrine continues to grow quickly across state and local government markets while expanding into federal, enterprise, and international sectors. The company has also opened new offices in Toronto and London.

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Over the past year, Peregrine has doubled its customer base and now supports more than 400 agencies and organizations across North America, serving over 125 million people.

Peregrine's platform helps organizations connect data from different systems and use it more effectively in a secure environment. It enables teams to access and work with information that is often stored in separate locations.

Instead of collecting new data, the platform helps customers get more value from the data they already have. It includes built-in governance, auditing, and access controls to ensure information is used securely and appropriately.

Customers use Peregrine to solve a wide range of operational and public safety challenges. The platform has helped coordinate major events such as the Super Bowl, Grammys, World Series, Kentucky Derby, and Academy Awards, and is being used by eight of the eleven World Cup host cities this year.

Peregrine has also supported important public safety efforts. In Fairfax County, Virginia, investigators used the platform to identify a child abduction suspect in just 13 minutes. In Florida's Manatee County, it helped with hurricane response and recovery operations. Cities including San Francisco, Atlanta, and Kansas City use Peregrine to improve public safety, with Kansas City's SAVE KC initiative helping contribute to an 18% reduction in violent crime.

The company's growth reflects rising demand for AI solutions designed for real-world operations, where security, governance, speed, and accountability are critical.

Peregrine has expanded its presence across government and public safety agencies in the United States, Canada, and the United Kingdom. The company has also launched pilot programs in commercial sectors, including financial services and travel.

"Peregrine has built a platform that aims to solve some of the most important problems its customers face," said Andy Spellman, founder and CEO of Fifth Down Capital. "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."

"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," said Ben Rudolph, co-founder and CTO. "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."

"State and local government remains foundational to Peregrine," Noone said. "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."

"From public works to public safety, Peregrine was built to help state and local governments better serve their communities," said Nick Noone, co-founder and CEO of Peregrine Technologies. "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."

About Peregrine Technologies 

Founded in 2018 by Nick Noone and Ben Rudolph, Peregrine provides an AI-powered platform that helps organizations turn fragmented data into clear, actionable insights tailored to their operations. By bringing together data from disconnected systems into a single secure view, Peregrine helps everyone—from leadership teams to frontline staff—make faster and better-informed decisions.

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