Peregrine Technologies Raises $250M Series D at $6.8B Valuation

Peregrine Technologies raised $250 million in Series D funding at a $6.8 billion valuation, the company said Wednesday. The round was led by existing investors, including Fifth Down Capital, Sequoia Capital, OG Venture Partners, Goldcrest Capital, XYZ Ventures, and Godfrey Capital.

The company did not disclose how it plans to use the proceeds. Peregrine, which describes itself as a technology platform, has not publicly detailed its product or revenue.

Sequoia Capital, a backer of companies such as Stripe and DoorDash, has been an investor in Peregrine since earlier rounds.

The funding round was disclosed in a regulatory filing.