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Apex Trader Funding - News

Peregrine Raises $30M to Help Keep Communities Safer

SAN FRANCISCO, May 01, 2024 (GLOBE NEWSWIRE) -- Peregrine, a data integration platform that allows state and local government agencies to protect and serve their communities, announced a $30 million Series B funding round led by Friends & Family Capital and Fifth Down Capital with participation by existing investors Goldcrest Capital, Craft Ventures, Godfrey Capital, and other committed partners. Peregrine enables leadership teams and personnel to make better split-second decisions in the highest-stakes circumstances. The applications of Peregrine's technology are as varied as the priorities and challenges that face its customers. The technology is deployed to solve unique citywide, regional, or statewide priorities and challenges. Local public safety agencies use Peregrine to disrupt criminal activity and better engage with their communities on crime prevention. Major cities and counties use the technology to reduce gun crimes, advance fairness in the criminal justice system, and improve emergency response efforts. State and regional agencies deploy the technology to handle high-scale problems like getting fentanyl off the streets, preventing human trafficking, and facilitating interagency data sharing to address the drivers of violent crime. Customers continue to use the platform in new ways every day. Major Woolfolk, of the Atlanta Police Department, oversees officers in charge of reducing violent crimes, including aggravated assaults, carjackings, and robberies. He says, "Peregrine has been integral to reducing violent crime, helping us connect and leverage the data we have to achieve our ‘gangs, drugs, and guns' mission." A coordinated effort by the Atlanta Police Department last year ...