SAN FRANCISCO — Today Peregrine announced a $250 million Series D financing at a $6.8 billion valuation. The round was led by existing investors, including Fifth Down Capital, Sequoia Capital, OG Venture Partners, Goldcrest Capital, XYZ Ventures, and Godfrey Capital.

The raise comes just 15 months after Peregrine's Series C, which valued the company at $2.5 billion. Since then, Peregrine has continued its rapid growth across state and local government while expanding into federal, enterprise, and international markets, with new offices now open in Toronto and London. Over the past year, the company has more than doubled its customer base and now supports over 400 agencies and organizations serving approximately 125 million people across North America. The company expects to be working with nearly 1,000 cities by the end of the year.

Peregrine's platform helps customers unlock the full value of the data they already have to power better outcomes. By connecting the systems, applications, and data sources organizations rely on, Peregrine enables everyone—from frontline personnel to leadership—to access, search, analyze, and act on information in real time. Built with privacy, civil liberties, and customer control at its core, Peregrine ensures organizations maintain exclusive control and ownership over their data with user-based access controls and full auditability embedded into the platform.

Read the full article on Fortune.com.