Delta Protect

Together with:

In Latin America and the Caribbean alone, around 1,600 cyber attacks occur every second.

With digital technologies driving 60% of economic growth globally, safeguarding and protecting data is necessary for every business.

Let's dive in.

Imagine this

• You founded a startup that is rapidly growing and attracting new users.

• As it scales, you realize the importance of protecting your users' and employees’ sensitive data and platform from potential cyber threats.

• After researching, you discover that the dangers are bigger than you thought, including data breaches, ransomware attacks, and phishing scams.

• Understanding the situation, you decided to allocate some capital toward implementing cybersecurity measures, but before recruiting a whole team of experts, you give Delta Protect a try.

• They help businesses across all industries with their cybersecurity needs.

Explain it like I'm five

Delta Protect is a cybersecurity startup dedicated to safeguarding businesses from cybercrimes.

• Ethical hacking: Businesses can hire them to hack their companies and detect vulnerabilities to mitigate risks.

• Dark Web monitoring: Their platform constantly monitors and detects any information that cybercriminals share or sell on the Dark Web related to companies.

• CISO as a service: Delta designates a CISO (Chief Information Security Officer) to businesses so they can take care of your cyber needs.

• Apolo: Is an automated, user-friendly, and B2B SaaS that transforms how businesses approach cybersecurity and compliance daily.

The ABCs

• Industries: Cybersecurity

• Headquarters: Mexico City, Mexico

• Year Operations Started: 2019

• Team Size: 30

• Raised: Undisclosed

• Accelerator: TEC Accelarator

• Business Model: B2B SaaS

Other players:

• Scitum

• MetabaseQ

• Hack Metrix

• Stike

Background check

What we like:

• Various services: Delta covers most businesses’ cyber security needs. They can hack, monitor, and prevent hacks for businesses. As well, designate a CISO so that later on, he or she can stay up to date and cover or prevent any vulnerabilities. Another service is Apolo, distinguished by its unique hybrid nature, encompassing three pillars: Cybersecurity, Human Risk, and compliance (ISO27001).

• Traction: According to the founders, Delta Protect serves more than 150 clients, from SMEs to established businesses. They support companies in Panama, Chile, Colombia, Venezuela, Mexico, Argentina, and the US.

• Need: Latin American countries are some of the most vulnerable to cyber-attacks, and the annual cost of cybercrime is up to USD $90 billion. In July 2023, 43 million phishing attacks were detected in Mexico, ten times more than in 2022.

• Requirement: In 2019, when the Fintech law was passed in Mexico, one of the requirements from the CNBV was implementing cybersecurity into fintech startups. In the US, the SEC is very close to forcing public companies to have a CISO on their board.

Road Blocks:

• A+ Team: According to the founder, being able to hire the right people for their industry is complex and expensive. Delta faces a challenge when hiring key talent for its business.

• Trust & Reputation: Building trust in the cybersecurity industry is crucial. Clients must trust that Delta’s ethical hacking and dark web monitoring services are effective and secure. A single breach or data leak could severely damage Delta’s reputation.

• Lengthy Negotiations: Implementing a cyber security service is an extensive choice for businesses, and it is not something you can sell from one day to another. It usually involves long sale calls, meetings, and negotiations to close a new client.

• Strong Expertise: Technology constantly evolves, and the cyber security landscape changes rapidly. Delta must continuously invest in R&D (Research and Development) to stay ahead of new threats and technology.

The Architects

• Santiago Fuentes Rivera, Co-Founder & CEO. Previously @ DroneSky.

• Jose Antonio Arrellano Ibáñez, Co-Founder & COO. Previously @ Havas Group.

Together with Tecnológico de Monterrey

How does data analysis impact your company's competitiveness? According to Deloitte Access Economics, 76% of corporations plan to increase their investment in data analytics capabilities in the next 2 years.

Design innovative strategies through the interpretation of your organization's data. Study the Data Science For Business Program at the Tecnológico de Monterrey, the best private university in Mexico according to Times Higher Education’s (THE) Latin America University Rankings 2023 and QS University Rankings 2022.

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Headlines Corner

• Autolab raised USD $4.1M in funding to expand operations in Colombia and Mexico, fueling the growth of their business in these key markets. (LatamList)

• Stat: 31% of the total capital raised by startups in the first half of 2023 in Latin America was through venture debt. (Runway)

• Crecy launched its new Ethereum-backed credit card, the first of its kind in the region. (Contxto)

• Forbes has unveiled its list of the Next Billion-Dollar startups for 2023. (Forbes)

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