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BlueFlag Security raised $11.5M in a seed funding round led by Maverick Ventures and Ten Eleven Ventures to redefine software development lifecycle (SDLC) security.

Mar 21, 2024over 1 year ago

Amount Raised

$11.5 Million

Round Type

seed

SunnyvaleNetwork SecurityCyber SecuritySecurityInformation TechnologySoftware

Investors

Pier 88 Investment PartnersTen Eleven VenturesMaverick Ventures

Description

BlueFlag Security announced a $11.5 million seed funding round led by Maverick Ventures and Ten Eleven Ventures, with participation from Pier 88 Investment Partners. The investment will fund the development of BlueFlag’s SDLC security and governance platform, which delivers end-to-end, identity-centric protection across the development lifecycle from code to production.

Company Information

Company

BlueFlag Security

Location

Sunnyvale, California, United States

About

BlueFlag Security is an identity-based developer security company focused on helping manage developer risks across the software development lifecycle (SDLC) process using a single integrated platform. By leveraging advanced AI-driven insights and a unique focus on identity, BlueFlag aims to close the critical gaps left by conventional security measures, offering a robust multi-layer defense against software supply chain risks. This identity-first approach, combined with innovative technology, promises a seamless integration into existing SDLC processes, enhancing security without compromising efficiency. Learn more about BlueFlag Security at www.blueflagsecurity.com.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech