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sequoia

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Public safety AI company Peregrine completes $250 million Series D funding, led by Sequoia Capital and others

According to Fortune, American public safety AI company Peregrine Technologies has completed a $250 million Series D funding round, achieving a valuation of $6.8 billion, nearly tripling from the previous $2.5 billion valuation in just 15 months. This round was led by existing investors including Sequoia Capital.Peregrine's core product is a government data integration platform that unifies existing city data such as police records, 911 logs, license databases, sensor data, and emergency management systems for real-time retrieval. It also features built-in role-based access control and complete audit tracking, while the platform itself does not collect or hold any data. Currently, the platform serves over 400 law enforcement agencies, covering approximately 125 million people in North America, and is operating security integration centers for 8 of the 11 host cities for the 2026 FIFA World Cup.Co-founder and CEO Nick Noone previously led Palantir's special operations business, including the intelligence platform tracking ISIS; co-founder and CTO Ben Rudolph previously built data infrastructure at the United Nations High Commissioner for Refugees. The company stated that the new funds will be used for product development, expanding the engineering and implementation teams, international expansion, and employee mobility arrangements. Noone indicated that they have not yet decided whether to pursue an IPO but are preparing internal infrastructure for a potential listing.The government AI market is estimated to be valued at approximately $25 billion by 2025 and is expected to grow to $109 billion by 2035. However, the ongoing civil liberties controversies surrounding AI law enforcement monitoring remain a persistent challenge for Peregrine.

CZ's new book reveals: During the 9·4 period, the silence of venture capital left him disappointed, and Sequoia ultimately backed out due to a breakdown in valuation talks

Binance founder Zhao Changpeng (CZ) recalled in his new book that after the "9·4" regulatory policy was introduced in 2017, venture capital firms as a whole became more cautious, and Sequoia Capital, which had originally expressed investment intentions, also paused related cooperation. He stated, "Seeing the venture capitalists collectively silent during our most difficult September, I was actually quite disappointed."CZ revealed that prior to this, Sequoia had expressed investment interest at the beginning of He Yi's joining, but chose to wait and see in light of the policy impact. Subsequently, Binance achieved rapid growth from September to October, with the number of users increasing from about 20,000 in August to about 120,000 by late October, ranking among the top ten exchanges globally and becoming profitable.CZ stated that by the end of October, after the risk phase had basically passed, Sequoia re-expressed its investment intentions, but they had proposed to raise the valuation requirement. Ultimately, the two sides could not reach an agreement due to valuation differences. The other party then proposed to pursue legal proceedings, and a week later, four large boxes of legal documents were delivered. CZ said this was the "first time in his life becoming a defendant." CZ mentioned that he later learned that the lawsuit was led by Sequoia's legal team in the U.S., who are skilled at using the media to create public opinion, "the media reporters knew before I, the party involved."
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