BluBracket is a startup dedicated to maintaining source code repositories

Padlock security on the matrix style binary numbers background with low angle view.

BluBracket, an early-stage startup that focuses on keeping source code repositories safe in distributed environments, today reported a $12 million Series A funding round.

Current investors Unusual Ventures, Point72 Ventures, SignalFire, and Firebolt Ventures contributed to the round, which was led by Evolution Equity Partners. The company has raised $19.5 million in total, including the $6.5 million seed round we reported on last year.

As you would expect, being able to secure code in distributed environments came in handy last year when a large portion of the technology industry moved to work from home. According to Ajay Arora, co-founder and COO of BluBracket, the pandemic forced many organisations to examine how they protected their code base.

So, from that perspective, the anxiety that companies had over ensuring that their source code was safe and not leaking was a huge plus for us. With businesses shifting to a [completely remote development workforce] and code being so essential to their company as intellectual property, Arora clarified, they needed to gain insight into what vulnerabilities were present.

Even before the pandemic, the company was discovering that by taking a bottom-up approach and providing a free community version of the product, they were gaining popularity with developers and security professionals. As COVID went full power, having the free version as a top of the funnel for their sales motion was also beneficial.

Arora claims that the company’s suite of products is used by tens of thousands of developers, DevOps, and SecOps users across hundreds of organizations. Priceline is the biggest reference company right now, but he says there are other major names that would rather not be public about it.

The company currently employs 30 people, with plans to double the number by the end of the year, and he says that incorporating diversity and inclusion into the recruiting process is one of the company’s core principles, as well as a part of how the executive team is evaluated.

We believe in putting our money where our mouth is, and one of the OKRs for me and my co-founder CEO Prakash Linga, or one of the things for which we are paid, is how well we are doing in terms of fostering diversity and inclusion on the team, he said. He goes on to say that the recruiters they use are kept to the same high standard when it comes to having a diverse pool of applicants for open positions.

The business was founded in 2018 by the founders of Vera, a startup that helped secure documents in transit. After Arora and Linga left to launch BluBracket, the company was sold to HelpSystems in December 2020.