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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•about 3 hours ago

Amount Raised

$28 Million

Round Type

Series A

SunnyvaleInformation TechnologySoftwareSecurityCyber SecurityNetwork Security

Investors

Ten Eleven VenturesMaverick 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

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
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

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