# BlueFlag Security

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/blueflag-security

- Industry: Software
- Headquarters: Sunnyvale, US
- Website: www.blueflagsecurity.com
- Total disclosed funding: $40M
- Latest round: Series A (Mar 23, 2026)
- Investors on record: 3

## About

Based in California, US, and co-founded by Raj Mallempati (CEO) and Ken Schneider (CTO) in 2022 BlueFlag Security Inc. operates as a provider of artificial intelligence-based security software. In March 2026, BlueFlag Security Inc. raised USD 28 million in series A funding co-led by Maverick Capital and Ten Eleven.

The identity-based developer security company offers a range of solutions to manage developer risks throughout the software development lifecycle (SDLC). BlueFlag safeguards developer identities and their tools, ensuring secure code deployment. The firm utilizes a multi-layer defense approach, and integrates identity security across the SDLC, addressing critical gaps in traditional security measures. Their platform automates the rightsizing of permissions, enforces strong identity hygiene, and monitors behavior patterns to detect insider threats and unauthorized escalations.

The company plans to utilize the March 2026 funding to advance its platform and grow its presence in the U.S., Europe, Middle East, and Africa, focusing on regulated industries and tech organizations adopting AI-driven software development.

## Funding rounds

- Series A, Mar 23, 2026, $28M — Maverick Capital, Ten Eleven
- Seed, Nov 23, 2022, $12M — Maverick Capital, Pier 88 Investment Partners, Ten Eleven

## Investors

- Maverick Capital (https://capitalatlas.ai/funds/maverick-capital) — Seed, Series A
- Pier 88 Investment Partners (https://capitalatlas.ai/funds/pier-88-investment-partners) — Seed
- Ten Eleven — Seed, Series A