SJL Client, Peregrine Featured in Forbes Magazine
Artificial intelligence dominates this year’s list of 25 venture-backed startups we think most likely to reach a $1 billion valuation.
Edited by Amy Feldman, Forbes Staff
Editorial Operations: Elisabeth Brier
Reporters: Thomas Brewster, Kenrick Cai, Katie Jennings, Brit Morse, Rashi Shrivastava
Founders: Nick Noone (CEO), Ben Rudolph
Equity raised: $60 million
Estimated 2023 revenue: $10 million
Lead investors: Fifth Down Capital, Friends & Family Capital, Godfrey Capital, Goldcrest Capital
In 2018, Nick Noone, the former head of Palantir’s U.S. Special Operations unit, and his cofounder, Ben Rudolph, embedded with the San Pablo Police Department in California to learn what tech tools would be most helpful to law enforcement. They ultimately came up with Peregrine, which officers can use to search across their department’s many datasets and surveillance footage. For instance, if a cop is about to enter a property, Peregrine can pull up all past data associated with that address—like if anyone with a criminal record is associated with the place. It took Noone, 35—a former elite gymnast who helped Stanford win repeated national titles—and Rudolph, 33, years to develop Peregrine, but their slow and methodical approach has paid dividends: The company, based in San Francisco, has contracts with 53 agencies across the U.S., including the Atlanta Police Department and the Orange County Sheriff’s Office in California. Between 2022 and 2023, revenue tripled from $3 million to $10 million, and Noone says the company is on track to triple it again, to $30 million this year. “One of the reasons we have won the trust of this community is because, though we’re outsiders, we don’t just sit in the ivory towers of Silicon Valley,” he says. (For more, see “How A Former Palantir Exec Built A Google-Like Surveillance Tool For The Police”)
