SAN FRANCISCO, Calif., March 4, 2025 - Sequoia Capital led a $190 million Series C funding round for Peregrine. This latest funding deal, which catapulted Peregrine’s valuation to $2.5 billion, was solidified in just two weeks.

Peregrine helps agencies of all sizes access, understand, and action their data. While we primarily work with local and state law enforcement agencies, our product scales to support budget-constrained departments with smaller resources. In the last year, Peregrine has also enhanced security operations at large-scale, high-profile events including Super Bowl LIX in New Orleans and the 97th Academy Awards in Los Angeles.

With this latest funding influx, Peregrine aims to increase its staff to 350 by the end of 2025, doubling its current headcount. Propelled by an inflow of new talent, Peregrine CEO Nick Noone is eyeing an expansion into the Canadian market and untapped sectors, including healthcare, logistics, and financial services. Peregrine is also opening new offices in New York and Washington.

“Peregrine brings cutting-edge technology to complex markets that really need it,” Sequoia partner Andrew Reed said in an email to Bloomberg. “Peregrine delivers their products in a simple way that drives immediate real-world impact for customers. These customers are critical organizations whose success in a rapidly changing world relies on technology.”

Read the full Bloomberg article here.