Law enforcement and public safety tech saw a major boost as Peregrine Technologies closed a $190 million funding round, propelling its valuation to $2.5 billion. The investment, led by Sequoia Capital, cements the San Francisco-based startup’s status as the latest unicorn in the growing sector of law enforcement technology.
What Does Peregrine Technologies Do?
Founded seven years ago, Peregrine Technologies specializes in data analytics software designed to help state and local law enforcement agencies process unstructured data. By integrating disconnected data sources, the platform enables public safety officials to make faster, more informed decisions.
Recently, the company’s platform played a crucial role in managing security operations for Super Bowl LIX in New Orleans.
The Series D funding round included contributions from Goldcrest Capital, Friends & Family Capital, Fifth Down Capital, OG Venture Partners, and Godfrey Capital.
“Peregrine is committed to delivering best-in-class software solutions to enhance public safety,” said co-founder and CEO Nick Noone. “This investment from Sequoia Capital will accelerate the development of cutting-edge technologies that serve both government and commercial organizations worldwide.”
Law Enforcement Tech vs. Defense Tech Investments
While venture capital investment in defense technology has surged, law enforcement tech has seen slower growth. Investors have largely favored military-focused startups, which often secure large federal contracts, over policing and public safety technologies that typically deal with state and municipal budgets.
However, Peregrine Technologies’ success signals growing investor confidence in law enforcement tech. The startup’s $190 million raise is the largest in the sector since Dataminr’s $475 million Series F in 2021, according to Crunchbase.
Last year, startups in the law enforcement and public safety sector raised nearly $700 million, indicating a steady rise in funding interest. With Peregrine Technologies securing a major investment, the space may see increased venture capital momentum, particularly as AI-driven data analytics solutions become more integral to public safety operations.
As the industry evolves, Peregrine’s success could pave the way for more law enforcement tech startups to attract high-profile investors, reinforcing the potential of AI and data-driven solutions in modern policing and security.
