Peregrine Technologies Stuns Investors With Record-Shattering Valuation Of 25 Billion

Peregrine Technologies has secured a $190 million funding round led by Sequoia Capital, catapulting the company to unicorn status with a valuation of $2.5 billion. The seven-year-old firm is revolutionizing law enforcement data analysis, making it more accessible and actionable for critical decision-making processes.

The investment was joined by notable investors including Goldcrest Capital, Friends & Family Capital, Fifth Down Capital, OG Venture Partners, and Godfrey Capital. This funding boost will enable Peregrine to develop its cutting-edge technologies, addressing use-cases for government and commercial organizations worldwide.

In an era where defense technology investments have skyrocketed among venture capitalists, the law enforcement tech sector has traditionally lagged behind, with investors gravitating towards military-grade solutions offering substantial federal contract potential. However, Peregrine’s successful funding round suggests a growing recognition of the importance of law enforcement technology in addressing pressing public safety concerns.

The company’s raise surpasses Dataminr’s $475 million Series F in 2021. Last year, law enforcement and public safety startups collectively raised nearly $700 million, underscoring the industry’s growing appeal to investors.

Peregrine’s valuation serves as a testament to its commitment to delivering innovative software solutions and exceptional engineering talent. With this momentum, the company is poised to make a lasting impact on the public safety sector, particularly with successful deployments at high-profile events like Super Bowl LIX in New Orleans where safety officials leveraged Peregrine’s platform to enhance operations.