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Home News

BlueFlag Security $11.5M Seed Funding

March 27, 2024
Reading Time: 3 mins read
in News
BlueFlag Security $11.5M Seed Funding

BlueFlag Security, headquartered in Sunnyvale, California, has recently revealed its emergence from stealth mode, aiming to fortify the software development lifecycle (SDLC). Established in 2022, the startup disclosed raising $11.5 million in a seed funding round led by Maverick Ventures and Ten Eleven Ventures, alongside Pier 88 Investment Partners. Offering an SDLC security and governance platform, BlueFlag Security promises comprehensive, identity-centric defense from code inception to production deployment.

Their platform is engineered to counter software supply chain threats by focusing on a crucial vulnerability point within the SDLC—developer identities, whether human or machine. Leveraging an AI-driven identity intelligence framework, the solution encompasses permissions, identity hygiene, behavior, and other security dimensions, providing a unified risk perspective across the development lifecycle. By integrating open source software risk management with identity security and developer tool posture management, BlueFlag Security presents a multi-layered defense mechanism.

This approach ensures continuous compliance and delivers protection across code, developer identities, and tools, adopting a secure-by-design philosophy. The CEO of BlueFlag Security, Raj Mallempati, articulated the company’s mission to furnish developers with a clean, trustworthy environment. He emphasized that the BlueFlag platform not only adds another layer of protection but also introduces a fundamentally different paradigm by prioritizing identity security in SDLC security and governance.

With the fresh injection of funding, BlueFlag intends to propel the advancement of its SDLC security platform, aiming to reinforce its commitment to enhancing developer environments and ensuring robust security throughout the software development process.

 

Reference:
  • BlueFlag Security Emerges from Stealth with $11.5M Seed Funding to Address Critical Gaps in SDLC Security
Tags: BlueFlag SecurityCaliforniaCyber NewsCyber News 2024Cyber threatsCybersecurityFundingMarch 2024NewsSDLCUSA
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