As technology continues to develop, so does the need for cybersecurity. Cyber crimes have been known to be just as damaging as crimes conducted in person. However, many cybersecurity tools are fragmented across companies, which makes it difficult for a business to find a unified solution.
Cybolt wants to fix that. In order to give consumers easy access to well-rounded digital security, Cybolt is offering a comprehensive suite of cybersecurity services. We reached out to co-founder and Chairman Mauricio Rioseco to learn more about the company’s goals and origins.
Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.
Can you give us a brief elevator pitch for your company?
Cybolt is a next-generation IT security services provider, specialized in delivering multi-technology solutions for managing digital risks and transforming ways of working — ultimately becoming our customers’ long-term IT security partner.
We are based in LATAM, with the best people, technology, and processes. This allows us to satisfy and exceed the needs of the European and North American markets that have a huge gap of full-time equivalents in the industry with lower costs compared to local competitors.
What problem does cybolt solve and how are you different from other companies?
What sets Cybolt apart from other cybersecurity services providers is our end-to-end approach. We strive to offer anything a client could need to identify, and we manage digital risks using cyber-security technologies, certified engineers, and best practices under one roof.
The fact is that the cybersecurity industry has a huge gap in the number of people needed to satisfy the needs of the industry. Cybolt aims to bridge that gap. On top of that, if we compare Cybolt against the competition in Europe and North America, we have a strong advantage by having lower costs with equal delivery standards.
How is cybolt transforming the cybersecurity industry?
We are the only end-to-end cyber security provider in Mexico, and our unique approach to adding new players is what sets us apart.
We have developed a business model in which we can integrate new organizations into the fold in a way that doesn’t dilute what makes them special, yet we can streamline common areas of expenses, ultimately reducing costs. This allows us to stay fresh and on the top of our game, since criminals will always aim to stay one step ahead.
Can you tell us more about the merger model approach for your business?
Cybolt was designed from the start to be a business that is flexible and agile. One of our core values is to have an inclusive model, where we can bring many players of the industry in a win-win scenario where the entrepreneurial spirit and talent are retained.
What is your go-to-marketing strategy for expanding in the u.s. and europe?
Our strategy is based on the future partnership with the right organizations that have a presence in Europe and the US. We aim for LATAM to become a service center for clients in the US and Europe. The idea is to fill the huge gap of professionals in those countries with highly qualified people that have access to the best technology. This leads to a lower cost than if we did everything in those countries.
What past experiences prepared you and your team to start, build, and lead your company?
I have created projects in other arenas, like digital transformation services, that have gone all the way from foundation to completing an IPO. I’ve run businesses for most of my professional career, and I care about creating win-win scenarios for everyone.
As you think about the business 5-10 years down the road, what do you see exit opportunities looking like?
I envision us doing an IPO in the near future — maybe the mid-2020s — with a valuation exceeding $1 billion.
What brought you to equity crowdfunding and how do you intend to use the money you raise this round to scale the business?
We are true believers in what equity crowdfunding stands for, which is giving access to everyone to initiatives or projects that were usually only accessible to VCs. Equity crowdfunding also serves as a platform to increase the exposure of Cybolt among digitally savvy investors and potential partners. At the end of the day, we aim to do an IPO, and this serves as a testbed for that.
We will be using these funds to fuel our inorganic expansion, supporting sales and marketing leads, research and development, platform development, and business development.
What is one message you want to leave potential investors with?
The great opportunity that lies here is that with globally available technologies and globally certified processes and people. We can satisfy the digital security needs of most businesses in Europe and the US at very competitive rates.
There is currently a massive lack of certified professionals globally, and this represents a huge opportunity for Cybolt, as we can satisfy that need. This will inevitably fuel our growth for years to come, giving great returns to our investors. I invite you to join us in this great opportunity and become a part of Cybolt.
We are excited to see where Mauricio Rioseco and his team take the company. Cybolt is currently raising on Republic.