March 22, 2024 at 07:54AM
BlueFlag Security, based in Sunnyvale, CA, has exited stealth mode, announcing its founding in 2022 and raising $11.5 million in seed funding. The startup offers an SDLC security and governance platform to protect the software development lifecycle. It emphasizes identity-centric protection, and the funding will further the platform’s development. CEO Raj Mallempati highlights their philosophy of placing identity security at the core of SDLC security and governance.
From the meeting notes, here are the key takeaways:
– BlueFlag Security has emerged from stealth mode and is based in Sunnyvale, California.
– The startup has raised $11.5 million in a seed funding round led by Maverick Ventures and Ten Eleven Ventures, with additional investment from Pier 88 Investment Partners.
– BlueFlag Security offers an SDLC security and governance platform that focuses on providing end-to-end, identity-centric protection from code to production.
– The startup claims it can prevent software supply chain attacks by addressing a critical threat vector within the SDLC, specifically developer identities.
– BlueFlag Security’s solution relies on an AI-powered identity intelligence framework and covers permissions, identity hygiene, behavior, and other security aspects, while offering a unified risk perspective across the development lifecycle.
– The startup’s defense platform integrates open-source software risk management with identity security and developer tool posture management.
– They take a secure-by-design approach and aim to ensure continuous compliance and protection across code, developer identities, and tools.
– The new funding will be used to advance the development of BlueFlag’s SDLC security platform.
– BlueFlag Security CEO Raj Mallempati emphasized the company’s mission to provide developers with a clean, trustworthy environment and highlighted the importance of placing identity security at the heart of SDLC security and governance.