BlueFlag Security Raises $28M Series A

BlueFlag Security, based in San Francisco, is an identity-centric software development lifecycle (SDLC) security platform, completed its Series A funding round, bringing its total capital raised to $28 million to date. The company provides specialized security tools that govern human and AI agent identities within development environments to mitigate software supply chain risks.

Investors

The Series A round was co-led by Maverick Ventures and Ten Eleven Ventures.

BlueFlag Security Use of Funds

BlueFlag Security plans to use the new capital to accelerate the development of its platform and expand its market presence in the United States and the EMEA region, specifically targeting regulated industries and technology organizations that are adopting AI-driven software development.

About BlueFlag Security

Founded in 2024 by CEO Raj Mallempati, BlueFlag Security provides an identity-centric platform designed to secure the entire software development lifecycle. The platform monitors human developers, contractors, non-human identities, and AI agents to surface security risks, detect insider threats, and provide behavioral analysis that traditional code scanning tools often miss.

Funding Details

Company Website: https://blueflagsecurity.com

Company: BlueFlag Security
Raised: $28M
Round: Series A
Funding Date: March 23, 2026
Lead Investor: Maverick Ventures, Ten Eleven Ventures
Company Website: blueflagsecurity.com
Software Category: Cybersecurity
Source: https://www.businesswire.com/news/home/20260323973093/en/BlueFlag-Security-Marks-300-Revenue-Growth-and-%2428-Million-Raised-to-Date-While-Launching-AI-Agent-Governance-and-Developer-Behavioral-Risk-Analysis