Peregrine Technologies is a San Francisco software company that turns the scattered records a government already owns into a single, searchable system for public safety. It sits in one of the most contested corners of enterprise software, government technology built on artificial intelligence, and in 2026 it raised $250 million in a Series D round at a $6.8 billion valuation, nearly tripling its price in about fifteen months.
What Peregrine does
Peregrine connects data a public agency already holds, such as police records, 911 logs, permit databases, and sensor feeds, and makes all of it searchable in real time. The company is emphatic that it does not collect, own, or create new data. It indexes what a city already has and layers on role-based access controls and a full audit trail so supervisors can see who searched for what and why.
That design is a direct answer to the trust problem that has dogged the industry. The company says it does not use facial recognition and builds active alerts that flag misuse rather than passive logging, positioning auditability and a narrow data scope as the features that win deals in a politically charged market.
Leadership and traction
Cofounder and chief executive Nick Noone, a former Stanford gymnast who ran Palantir's special operations business, started the company with cofounder and chief technology officer Ben Rudolph, who previously built data infrastructure for refugees at the United Nations. The two began by cold-calling police chiefs from a Honda Accord and have since signed more than 400 agencies serving roughly 125 million people across North America.
The most visible proof point is security for the 2026 FIFA World Cup, where Peregrine said it will run the fusion center for eight of the eleven United States host cities, coordinating data across agencies during one of the largest event-security operations the country has staged in years.
Funding and market
The Series D was led by existing backers including Fifth Down Capital, Sequoia Capital, OG Venture Partners, Goldcrest Capital, XYZ Ventures, and Godfrey Capital, with the company saying investor demand outstripped the stock on offer. Part of the capital is set aside to give employees a chance to sell shares.
The raise fits a 2026 pattern of large sums flowing to a few companies investors believe can become infrastructure. Government buyers are slow to sign but slow to leave, which makes revenue durable, and the market for AI in public services is projected to grow into the hundreds of billions over the coming decade.
Frequently asked questions
What does Peregrine Technologies do?
Peregrine connects the data a government agency already owns, such as police records and 911 logs, and makes it searchable in real time with role-based access and audit trails. It says it does not collect new data or use facial recognition.
How much did Peregrine raise?
It raised $250 million in a Series D round at a $6.8 billion valuation, led by existing investors, roughly tripling a valuation that stood at $2.5 billion about fifteen months earlier.
Who runs Peregrine?
It was cofounded by chief executive Nick Noone, formerly of Palantir, and chief technology officer Ben Rudolph, who previously built data systems for refugees at the United Nations.
What is Peregrine's role in the 2026 World Cup?
The company said it will operate the security fusion center for eight of the eleven United States host cities, coordinating data across agencies to support public safety during the tournament.
Is Peregrine going public?
Noone has said no decision has been made, but the company is building the internal discipline to be ready for a potential IPO if it chooses that path.