+17%

est. 2Y upside i

Series D+

Peregrine creates software that helps organizations integrate and analyze large and complex data stores to inform enterprise decision making.

Rank

#2378

Sector

GovTech

Est. Liquidity

~3Y

Data Quality

Data: Medium

Peregrine offers a high-risk, high-reward opportunity.

Last updated: July 3, 2026

Bull (20%)+171%

IPO momentum and category leadership sustain the forward revenue multiple at 40x. Projected 24-month revenue of $494M implies a $19.8B exit, yielding 170.6% upside net of dilution.

Base (35%)+11%

Multiple compresses to public comp average of 18x as growth normalizes. At $494M revenue, exit value is $8.9B, yielding 10.8% upside net of dilution.

Bear (45%)-47%

Incumbent competition and regulatory headwinds compress multiple to 10x. Exit value of $4.9B leads to -47.4% return net of dilution.

Est. time to liquidity~3.0 years

Preference Stack Risk

moderate

Funding Intensity

7%

Total preferred liquidation preference of $503M represents 7.4% of current valuation, moderate risk.

Dilution Risk

moderate

Given recent $250M raise, cash runway may last 2 years, but additional funding could dilute existing holders by ~20%.

Secondary Liquidity

none

No secondary market activity reported; liquidity only at IPO or acquisition.

Other — 2 roles

View all 2 open roles at Peregrine →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Peregrine's data — designed to show you've done your homework.

  • 1

    “How does Peregrine's Context Engine differentiate from Palantir's Foundry in practice?”

  • 2

    “What is the customer acquisition cycle and how does it affect churn?”

  • 3

    “Given the high multiple, what is the realistic path to an IPO and how does that affect equity liquidity?”

Community

Valuation Sentiment

Our model estimates +17% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.