What Happened To SignalVault After Shark Tank?

What is SignalVault?

SignVault is an anti-crowd-hacking system that defends against remote scanning of credit and debit cards; it prevents them from being stolen. Chris Gilpin founded SignalVault in 2013 with lottery winnings.

SignalVault Shark Tank Update
Company NameSignalVault
FounderChris Gilpin
ProductDebit and Credit Card RFID Protection Wallet
Investment Seeking$200,000 for 12.5% equity in SignalVault
Final Deal$200,000 for 25% equity in SignalVault
SharkLori and Robert
Business StatusIn Business
WebsiteVisit Website

Who is the Founder of SignalVault?

Chris Gilpin is the founder of SignalVault. Chris invented the E-field credit card protector. This technology enables you to safeguard your data against hackers. 

It has since expanded its business to manufacturing travel wallets, passport covers, and more. As a specialist in mobile crime, Chris came up with the notion of reducing the chance of users being hacked by crowds. 

The first sales he made were on a show called QVC, where they sold 4800 cards in less than eight minutes and earned more than $300,000 in revenue.

SignalVault Before Shark Tank

Modern media appears to be wholly centered on fear. Fear motivates TV remotes and computer clicks, whether it’s stories of terrorist bloodshed, frequent updates on murder sprees, or doomsday stock market predictions. 

However, Chris Gilpin, the founder of SignalVault, may have uncovered a more subtle risk for the typical individual. 

RFID (Radio Frequency Identification) scanners can allow identity thieves to obtain information about credit or debit cards. 

These scanners have improved to the point that they can operate at remote distances of up to twenty-five feet in recent years. 

You might not realize how much you’re depleting your balance until there is no recourse. A minimum of inconvenience is caused by identity theft. It can, however, be treated just like a headache.

Gilpin identified SignalVault as the appropriate option. The device is unassuming in appearance, like a standard credit card. Of course, not everything is as it appears. 

The SignalVault disables RFID readers by transmitting at a higher frequency than credit and debit cards. 

The product can be easily used in your wallet or pocketbook. This investment embodies a balance between simplicity and security that may appeal to investors. 

Gilpin requires funding to continue its research and development efforts. Additionally, an investment would be made in marketing to build his brand’s reliability. We’ll have to wait and see if the sharks embrace his novel concept.

How Was the Shark Tank Pitch of SignalVault?

Chris Gilpin appeared on Shark Tank requesting an investment of $200,000 in exchange for a 12% stake in SignalVault.

Chris Gilpin left the Shark Tank stage with an investment from Lori Greiner and Robert Herjavec of $200,000 for a 25% equity in SignalVault.

Final Deal: Lori and Robert agreed to invest $200,000 for a 25% stake in SignalVault.

What Happened To SignalVault After Shark Tank?

Chris increased his company’s workforce by hiring 12 new employees and expanding their office following their appearance on QVC, where they sold more than 300,000 cards in less than eight minutes. 

Lori and Robert from Shark Tank aided in numerous ways, with Lori assisting with sales and packaging and Robert assisting with awareness-raising, website design, and SEO.

Both Sharks made significant contributions to SIGNAL VAULT’s progress. `SignalVault’s first success was accompanied by mixed reviews regarding its RFID blocking technology. 

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The ID Stronghold of one of the top competitors demonstrated failed tests with prior versions of SignalVault. This resulted in a problem in which false advertising was utilized to undermine SignalVault.

SignalVault responded quickly with an updated version with a certificate attesting to its effectiveness. Today’s customer reviews tend to be positive about their merchandise.

Chris says SignalVault has generated more than $3.2 million in revenue in the 14 months following his Shark Tank debut and is available in stores like Staples and Bed, Bath, and Beyond.

Chris’s net worth is estimated to be between $4 and $5 million as of 2022.

What is the Valuation of SignalVault?

SignalVault’s value has climbed from $800,000 to $3.2 million as of 2022.

Chris says SignalVault has generated more than $3.2 million in revenue in the 14 months following his Shark Tank debut and is available in stores like Staples and Bed, Bath, and Beyond.

Who is the Investor of SignalVault?

Lori and Robert from Shark Tank are investors in SignalVault. Her relationship with J.C. Greiner developed her business through the Home Shopping Network and Bed, Bath, and Beyond.

Greiner invented and patented a plastic earring organizer in 1996. She founded Clever & Unique Creations in 2000.

SignalVault Shark Tank Update

Herjavec developed BRAK Systems, a Canadian integrator of Internet security software, and sold it in 2000 for $30.2 million to AT&T Canada (now Allstream Inc.).

In 2003, he launched The Herjavec Group, which has grown to become one of Canada’s leading information technology and computer security companies, with annual revenue exceeding $200 million.

Is SignalVault Still in Business?

SignalVault’s RFID blocking card product line has expanded to include wallets and other security items. 

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SignalVault faces stiff competition from a broader range of companies fighting for a piece of the RFID protection market. 

SignalVault continues to be in business with an estimated 15 employees and a revenue of $662,000. SignalVault is still in business and has grown and remained profitable following the Shark Tank show.

What Is the Net Worth of SignalVault?

The valuation of SignalVault was $1.6 million when it appeared on Shark Tank. The net worth of SignalVault is $3.2 million as of 2022.

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