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Peregrine Technologies Joins the Billion Dollar Club But What’s Next for Law Enforcement Innovation


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Peregrine Technologies secured $190 million in funding from Sequoia Capital, achieving a valuation of $2.5 billion. The company develops data analytics software for law enforcement agencies, allowing them to analyze unstructured data for better decision-making. Recently, its platform supported safety officials during Super Bowl LIX. Other investors in this round included Goldcrest Capital, Friends & Family Capital, Fifth Down Capital, OG Venture Partners, and Godfrey Capital. Peregrine focuses on enhancing public safety through technology and engineering. While defense tech has gained traction among investors, funding for law enforcement technology has increased more slowly, with Peregrine's round being the largest since Dataminr's $475 million in 2021. Last year, law enforcement and public safety startups raised nearly $700 million.

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Web3 Wavefronts - Digestible News on Crypto, DeFi and AIBy theWeb3.news