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

BlockBeats News, June 22, Peregrine Technologies, a U.S. public safety AI company, completed a $250 million Series D funding round, reaching a valuation of $6.8 billion. This marks a nearly threefold growth from the previous $2.5 billion valuation just 15 months ago. The round was led by existing investors such as Sequoia Capital.

Peregrine's core product is a government data integration platform that connects existing city data, such as police records, 911 logs, license databases, sensor data, and emergency management systems, enabling real-time retrieval. It also includes role-based access control and full audit tracking. The platform itself does not collect or hold any data. Currently, the platform serves over 400 law enforcement agencies, covering approximately 125 million people in North America. It is also operational in 8 out of the 11 host cities for the 2026 FIFA World Cup's Safety Operations Centers.

Co-founder and CEO Nick Noone previously led Palantir's Special Warfare business, including an intelligence platform used to track ISIS. Co-founder and CTO Ben Rudolph previously built data infrastructure for the United Nations Refugee Agency.

The company stated that the new funds will be used for product development, expanding the engineering and implementation teams, international expansion, and employee liquidity arrangements. Noone mentioned that they have not yet decided on an IPO but are preparing internally for a potential public listing.

The government AI market is estimated to be worth around $25 billion by 2025 and is projected to grow to $109 billion by 2035. However, the ongoing debate over citizen privacy concerning AI law enforcement surveillance remains a significant challenge for Peregrine.