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Maverick Ventures invests $11.5 million in BlueFlag Security.

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TLDR: Maverick Ventures leads $11.5m investment in BlueFlag Security

BlueFlag Security, a software development lifecycle (SDLC) security firm, has announced an $11.5 million seed funding round led by Maverick Ventures and Ten Eleven Ventures. The funding will be used to advance BlueFlag’s innovative SDLC security and governance platform, which focuses on identity-centric protection throughout the software development process. BlueFlag’s CEO, Raj Mallempati, emphasized the importance of identity security in the SDLC and the platform’s mission to create a secure and trustworthy development environment. The platform leverages AI-driven insights and an identity-first approach to deliver a comprehensive solution for SDLC security, aiming to mitigate risks, ensure regulatory compliance, and promote a trust-based development environment.

Maverick Ventures leads $11.5m investment in BlueFlag Security

BlueFlag Security, a software development lifecycle (SDLC) security firm, has announced an $11.5 million seed funding round. The round was led by Maverick Ventures and Ten Eleven Ventures, with Pier 88 Investment Partners also participating. The funding will be used to advance BlueFlag’s SDLC security and governance platform, focusing on identity-centric protection throughout the software development process.

At a time when software supply chain attacks are on the rise, BlueFlag Security’s approach to SDLC security, which emphasizes identity security and a unified risk perspective, is crucial. Traditional security measures have often overlooked the threat posed by developer identities, both human and machine, in introducing vulnerabilities to the software.

BlueFlag Security, co-founded by Raj Mallempati and Ken Schneider, is dedicated to offering a multi-layered defense platform that combines identity security with open-source software risk management and developer tool posture management. The company’s vision is to create a secure, efficient, and dependable development environment.

The funding will enable BlueFlag Security to further develop its platform, leveraging AI-driven insights and an identity-first approach to provide a comprehensive solution for SDLC security. Dr. Chase Cunningham and Prabhath Karanth have praised BlueFlag Security’s approach and solution, recognizing its potential to mitigate risks, ensure regulatory compliance, and promote trust within the development environment.

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