BlueFlag Security has secured $11.5 million in seed funding led by Maverick Ventures and Ten Eleven Ventures. The funding will empower the company to further develop its platform.
BlueFlag Security, a developer security company focusing on identity protection, secured $11.5 million in seed funding. Maverick Ventures and Ten Eleven Ventures led the round, with Pier 88 Investment Partners also participating.
According to the press release, the investment will support BlueFlag’s development of its software development lifecycle (SDLC) security and governance platform. This platform offers comprehensive identity-centric protection throughout the development lifecycle, spanning from code creation to production deployment.
Mallempati, CEO of BlueFlag Security stated: “Our mission is to provide developers with a clean, trustworthy environment. The BlueFlag platform doesn’t just add another layer of protection; it introduces a fundamentally different philosophy that places identity security at the heart of SDLC security and governance…We invite the industry to join us in championing a future where software development is inherently secure, and where securing developer identities is as integral to our protocols as code scanning and the configuration of developer tools.”
The BlueFlag platform utilizes AI-driven insights and prioritizes identity in its approach to provide a unified defense against evolving threats. Covering all stages of the development lifecycle, the platform proactively identifies and mitigates threats, preventing them from escalating into breaches.
Matt Kinsella, Managing Director, Maverick Ventures shared: “BlueFlag represents a game-changer in the SDLC security and governance landscape. Their platform tackles the holy grail of securing the developer landscape: seamlessly integrating identity security, code scanning, and developer tool posture management. This comprehensive approach fills the critical gap in traditional methods, empowering organizations to build secure software from the ground up. Investing in companies like BlueFlag aligns perfectly with our philosophy of supporting disruptive innovators who are shaping the future of how software is developed and secured.”
Alex Doll, Founder and Managing Member of Ten Eleven Ventures said: “As cybersecurity specialist investors, we are acutely aware of the many complexities in the software supply chain, created through the sprawling number of tools, applications, open-source libraries, code repositories, roles, and credentials that are all part of the software development lifecycle. With BlueFlag’s innovative solution, security teams can feel confident that code is being built in a safe environment, with continuous risk management and up to compliance standards. We are excited to back Raj and Ken as repeat, successful entrepreneurs and thrilled with the talented and experienced team they have already assembled to fuel this product to the next stage.”
With the funding, BlueFlag Security will enhance its platform, utilizing AI insights and prioritizing identity to provide a complete solution for SDLC security. This includes ensuring continuous compliance with secure design principles, covering not only code but also developer identities and tools, and providing a comprehensive view of risk throughout the SDLC.
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About BlueFlag Security:
Founded by Raj Mallempati and Ken Schneider, BlueFlag Security is an identity-based developer security company throughout the software development lifecycle (SDLC) via an integrated platform. Using advanced AI insights and a distinct focus on identity, BlueFlag aims to address vulnerabilities often overlooked by traditional security methods, providing a robust defense against software supply chain risks. Their vision is to establish a secure, efficient, and trustworthy development ecosystem where identities receive the same level of protection as the code and tools themselves.
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