Best of Shark Tank

SignalVault – Credit Card Protector – Update

SEASON 7 EPISODE 1

PITCH

protects your credit and debit card info from being stolen

ENTREPRENEUR

Chris Gilpin

ASKED FOR:

$200,000 for 12.5%

GOT

$200,000 for 25%

SHARK

Lori and Robert

$2,000,000 for 25%

STATUS

IN BUSINESS

What is SignalVault?

SignalVault is a simple, high-tech solution to the insidiously growing problem that is credit/debit card fraud.

The SignalVault card works by releasing a radiofrequency signal in response to any scanning attempts by a hacker. The emitted signal blocks RFID scanners to protect your data from being stolen.

Simply place SignalVault in your wallet and you are good to go.

SignalVault Before Shark Tank

The inspiration behind SignalVault came to founder, Chris Gilpin, after attending a security conference where he watched a demonstration on electronic pickpocketing.

With his earnings from a lucky lottery win, Chris was able to take SignalVault from idea to startup.

After a successful year of building up the company, Chris was prompted to audition for Shark Tank. SignalVault appeared on Shark Tank in 2015 where Chris accepted a deal from Lori Greiner and Robert Herjavec.

SignalVault Reviews

During SignalVault’s earlier success, there seemed to be mixed reviews about their RFID blocking effectiveness. In a video uploaded to Youtube, leading competitor, ID Stronghold, showcased failed tests with earlier versions of SignalVault. This caused some customers to discredit SignalVault with deceptive advertising.

SignalVault has since released a newer version that comes with a certificate verifying its effectiveness. Most reviews today are from customers who appear to be pleased with their products.

SignalVault After Shark Tank – Where Are They Now?

After SignalVault aired on the Shark Tank, Lori brought Gilpin on to the Shopping Channels, QVC, where they sold nearly 5000 units within 10 minutes. According to Gilpin, SignalVault has done over $3.2 million in sales in the 14 months after his Shark Tank appearance and has been featured in stores like Staples and Bed, Bath and Beyond.

SignalVault’s line of RFID blocking cards now includes wallets and other security products. Today, the company has faced competition from more various brands vying for a piece of the RFID protection market but they still remain in business with an estimated 10 employees and an annual revenue of $662,000.


Buy on Amazon Visit the Signal Vault website

3 thoughts on “SignalVault – Credit Card Protector – Update”

  1. I was just reading up on them and doesn’t seem like they’re doing as well as I thought they would be there by now, seems like sales dropped off..

    Reply

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