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BlueFlag Security raises $28M in Series A funding to enhance its identity-centric SDLC security platform. The round was co-led by Maverick Ventures and Ten Eleven Ventures.

PRIVATEAug 17, 2026

Amount Raised

$28 Million

Round Type

Series A

SunnyvaleInformation TechnologySoftwareSecurityCyber SecurityNetwork Security

Investors

Maverick VenturesTen Eleven Ventures

Description

BlueFlag Security, based in San Francisco, has completed its Series A funding round, raising $28 million. The company specializes in security tools for managing human and AI identities in development to mitigate software supply chain risks. The new capital will be used to accelerate platform development and expand market presence in the US and EMEA regions. Founded by CEO Raj Mallempati in 2024, BlueFlag targets regulated industries and tech organizations adopting AI-driven development.

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

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

BlueFlag Security raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.