SignalVault Shark Tank Net Worth 2023
SignalVault is a company that markets itself as a solution to safeguard credit or debit card data from hackers. Chris Gilpin, the founder of SignalVault, appeared on Shark Tank in 2015 seeking an investment of $200,000 for 12.5% equity in his business.
He left the show with an investment from Lori Greiner and Robert Herjavec of $200,000 for a 25% stake in SignalVault. After appearing on QVC, SignalVault sold more than 300,000 cards in less than eight minutes.
According to Networthpost.org, Chris Gilpin’s net worth is $4 million as of 2023.
The valuation of SignalVault was $1.6 million when it appeared on Shark Tank and has since increased to $3.2 million as of 2022. In the 14 months following his Shark Tank appearance, Chris says SignalVault generated over $3.2 million in revenue and is available in stores like Staples and Bed Bath & Beyond.
As of 2022, SignalVault continues to be in business with an estimated 15 employees and a revenue of $662,000.
Chris expanded his business by hiring 12 new employees and expanding their office space after appearing on Shark Tank.
Lori Greiner helped with sales and packaging while Robert Herjavec helped with spreading awareness, website creation, and SEO. According to reviews from customers today, they appear pleased with their products.
What Is SignalVault? Who Is The Founder Of SignalVault?
SignalVault is a tool designed to protect credit and debit cards from being scanned remotely, providing a solution to protect against crowd-hacking attacks.
Chris Gilpin, the founder of SignalVault, established the company in 2013 using the funds he received from a lottery ticket.
SignalVault promotes itself as a means to safeguard against credit and debit card information theft by fraudsters who use RFID scanners to extract data from RFID chips found in the latest smart cards.
These chips are present in new credit and debit cards, and thieves can easily scan the data using scanners placed in public areas such as shopping malls, without the victim’s knowledge.
In 2013, SignalVault was founded and operated by Chris Gilpin. He came up with the idea of the E-field credit card cover, which uses advanced technology to safeguard your personal data from hackers.
Chris Gilpin became a sought-after expert as news programs and other media outlets sought his advice on how to prevent similar data breaches.
To protect themselves from potential cyber-attacks, consumers have access to various gadgets like wallets or credit card covers that block wireless signals. In a pinch, tin foil can also be used.
Some people may even resort to cutting a hole through the chip on their cards to deactivate it. Due to his newfound knowledge of the situation, Chris Gilpin was able to sell over 50,000 SignalVault cards.
The SignalVault is about the size of a credit card and can easily fit into a handbag or wallet. It is designed to jam the signal of an RFID scanner that a burglar may be using for malicious purposes.
This technology is a more advanced form of RFID blocking devices, and there are other RFID garbling devices being developed that can do the same thing. The SignalVault can be purchased on Amazon for $15.
What Happened To SignalVault At Shark Tank Pitch?
During the season 7 premiere of Shark Tank, entrepreneur Chris Gilpin introduces his product SignalVault to the Sharks in hopes of gaining assistance with marketing and distribution. He offers a 12.5% stake in his company, valued at $1.6 million, in exchange for $200,000.
Chris explains how RFID scanners can be used by hackers to scan card chips and highlight SignalVault’s unique selling point of not requiring charging or batteries. He reveals that he has sold 45,000 units at $14.95 each, with a production cost of only 45 cents per unit. He also shares that he invested $1 into the company and tells a lottery story.
The Sharks express interest in the product, with Mr. Wonderful agreeing that SignalVault is a good solution for the over $8 billion in fraud losses each year. However, he feels that a reputable brand is necessary and offers $200,000 for 20% equity with an endorsement promise.
Lori offers $200,000 for 18% equity and believes she can sell it on QVC. Ashton opts out, feeling that SignalVault’s competition has too much market share.
Mark advises Chris to accept Kevin’s offer since he is also exiting the deal. Kevin sees the potential partnership as logical because SignalVault is associated with financial services.
Robert makes an offer of $200,000 for 15% equity shares before a break is taken, expressing his belief that he can turn SignalVault into a major security product.
After the break, Lori takes offense to Kevin’s claim that Robert is more believable than her, stating that SignalVault is so simple that anyone can sell it.
Chris proposes that Robert and Lori collaborate for $250,000 in exchange for 18% equity shares, but Lori tells Robert that he needs to contribute more. Ultimately, Chris accepts Lori’s offer of $200,000 for 25% equity shares, and a deal is struck with two Sharks.
Summary Table: Signalvault Shark Tank
| INFORMATION | DETAILS |
| Company Name | SignalVault |
| Founder | Chris Gilpin |
| Year Founded | 2013 |
| Product | RFID blocking credit and debit card cover |
| Shark Tank Investment | $200,000 for 25% equity from Lori Greiner and Robert Herjavec |
| Shark Tank Valuation | $1.6 million (2015), $3.2 million (2022) |
| Revenue | $3.2 million (14 months after Shark Tank), $662,000 (2022) |
| Net Worth of Founder (2023) | $4 million |
| Employees | 15 (2022) |
| Competitor | RFIDsafe |
| Sales Channels | QVC, Staples, Bed Bath & Beyond |
| Availability | Amazon |
Competitors of SignalVault
SignalVault has a primary competitor like RFIDsafe.
SignalVault Shark Tank Updates
SignalVault is a company that offers an anti-crowd-hacking system that defends against remote scanning of credit and debit cards, preventing them from being stolen.
The company was founded by Chris Gilpin, who pitched SignalVault to the Sharks in episode 701 of Shark Tank.
Chris explained how hackers scan card chips with RFID readers and SignalVault, unlike his competitors, doesn’t need charging or batteries. He handed out samples and said he’s sold 45K units for $14.95 and they cost 45 cents to make.
Lori Greiner and Robert Herjavec invested $200,000 for 12.5% equity in SignalVault. After the Shark Tank episode aired, Chris was on QVC with Lori and they sold out in 8 minutes.
Since Shark Tank, SignalVault has done over $2 million in sales and hired 12 people. 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.
The valuation of SignalVault was $1.6 million when it appeared on Shark Tank, and it has since increased to $3.2 million in 2021.
SignalVault has been featured in an update segment in episode 717, just 5 months after the original air date. In the update, Chris says SignalVault sold 4800 units on QVC and sold out in 8 minutes.
Since Shark Tank, he’s done over $2 million in sales and hired 12 people. The business is still operational in 2022, with annual sales of more than $5 million.
Net Worth of SignalVault
The company was valued at $1.6 million during the pitch, after the investment done by Lori and Robert the company was valued at $600,000. In 2021 the company has a net worth of over $4 million.
SignalVault FAQs
What Is Signalvault Shark Tank?
SignalVault is a credit and debit card protector that uses E-Field Technology to protect personal information from crowd hacking. It is a card that blocks signals from RFID scanners, which can steal personal information, card numbers, and more.
The SignalVault Credit & Debit Card Protector has done $3 million in retail sales in just four years since airing on Shark Tank.
Chris Gilpin, a cybersecurity expert, pitched SignalVault to the Sharks in episode 701 of Shark Tank and received an investment of $200,000 for 25% equity from Robert Herjavec and Lori Greiner.
SignalVault is military-grade, laboratory-tested security for all cards. It is featured on Shark Tank, GMA, CNBC, and Forbes. The SignalVault is laboratory tested and proven to protect information from hackers and identity thieves.
It is a simple and high-tech solution to stop hackers. The SignalVault Credit & Debit Card Protector is available on Amazon for $14.99.
How Does Signalvault Shark Tank?
SignalVault is a device that protects credit and debit cards from being scanned by RFID readers, which can steal personal information and card numbers.
Chris Gilpin, a cybersecurity expert, pitched SignalVault on Shark Tank in season 7, seeking an investment of $200,000 for 12.5% equity in his company. He explained how hackers scan card chips with RFID readers and how SignalVault, unlike his competitors, doesn’t need charging or batteries.
He handed out samples and said he had sold 45,000 units for $14.95, and they cost 45 cents to make. Robert Herjavec and Lori Greiner invested $200,000 for 25% equity in SignalVault.
After the Shark Tank episode, Chris Gilpin appeared on QVC with Lori, and they sold out in 8 minutes. Lori helped with sales and packaging, while Robert helped with awareness-raising, website design, and SEO.
SignalVault generated more than $3.2 million in revenue in the 14 months following its Shark Tank debut and is available in stores like Staples and Bed, Bath and Beyond. The valuation of the firm increased from $800,000 to $3.2 million in 2021, and Chris’s net worth is $4-5 million.
The SignalVault Credit & Debit Card Protector has been independently tested by N.T.S. for Electromagnetic Interference and RFID blocking and signal protection. The SignalVault is Patent Pending.
What Happened To Signalvault After Shark Tank?
SignalVault is a company that markets itself as a solution to safeguard credit or debit card data from hackers.
Chris Gilpin, the founder of SignalVault, appeared on Shark Tank in 2015 with the hope of impressing the Sharks and scoring an investment of $200,000 for 12.5% equity in his company.
Lori Greiner and Robert Herjavec invested $200,000 for 25% equity in SignalVault. After the Shark Tank episode aired, Chris was on QVC with Lori and they sold out in 8 minutes.
Lori and Robert aided SignalVault in numerous ways, with Lori assisting with sales and packaging and Robert assisting with awareness-raising, website design, and SEO.
SignalVault’s first success was accompanied by mixed reviews regarding its RFID-blocking technology.
The ID Stronghold of one of SignalVault’s top competitors demonstrated failed tests with prior versions of SignalVault, resulting 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.
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 expanded the business by having 12 employees in operations with additional office space.
In 2021, Chris’s net worth is $4-5 million. SignalVault continues to be a profitable and growing business post-Shark Tank.
Is Signalvault Shark Tank Still In Business?
Yes, SignalVault is still in business after appearing on Shark Tank. SignalVault has been successful since its appearance on Shark Tank. Chris Gilpin, the founder of SignalVault, received an investment of $200,000 for a 25% stake in the company from Lori Greiner and Robert Herjavec.
After the show, SignalVault expanded its workforce by hiring 12 new employees and expanding its office. The company has generated more than $3.2 million in revenue in the 14 months following its Shark Tank debut.
SignalVault has been featured in stores like Staples and Bed, Bath and Beyond. The company has also been successful on QVC, where they sold more than 300,000 cards in less than eight minutes.
SignalVault is still operational in 2022, with annual sales of more than $5 million. The company has been successful in protecting personal information from hackers and identity thieves.
What Is The Current Valuation Of Signalvault After Shark Tank?
SignalVault is a company that produces RFID-blocking cards that protect credit cards from being scanned by thieves.
Chris Gilpin, the founder of SignalVault, appeared on Shark Tank in October 2015 and secured a deal with Lori Greiner and Robert Herjavec for $200,000 for a 25% equity in SignalVault. SignalVault has done over $3.2 million in sales in the 14 months after its Shark Tank appearance.
The valuation of SignalVault has increased from $800,000 to $3.2 million in 2021. As of 2022, Chris Gilpin’s net worth is estimated to be between $3.75 million and $5 million. SignalVault has been featured in stores like Staples and Bed, Bath and Beyond.
How much was seeking on Shark Tank?
Chris was seeking for $200,000 for a 12.5% stake in his company.
Did he have the deal?
Yes, Chris did have the deal with Lori and Robert.
How much was the deal?
They offered $200,000 for 25% ownership of the company.
Is SignalVault a good product?
The product is very good because it is only $15 and it works very well in protecting your credit cards from hackers.
Are there negative reviews about SignalVault?
There are a few negative reviews about SignalVault but the majority of them are positive reviews that give this product 4.1 stars out of 5.
How effective is SignalVault?
SignalVault has a high success rate in blocking hackers’ signals.
How much has the business grown after Shark Tank?
After appearing on Shark Tank, SignalVault has grown very quickly and it is still growing.
How much does it cost?
Signal Vault costs $11.95; it is available on the Amazon marketplace.
Do I remove the SignalVault from its plastic wrapper?
Yes. The plastic wrapping is used to protect the wallet from damage during delivery and should be removed before inserting it into the wallet.
Has an independent laboratory evaluated the SignalVault?
Yes. Qualtest, Inc., now part of N.T.S., tested the SignalVault in their Electromagnetic Interference Chamber.
The SignalVault efficiently secures credit and debit card information against unwanted attempts to collect personal information, according to testing.
Is it enough to have one SignalVault for my full wallet?
The SignalVault was created to be useful, simple to use, and to preserve a regular men’s bifold wallet and all of the cards stored therein. They recommend putting two devices in a normal women’s wallet because they are often longer than men’s wallets.
What version of the SignalVault is currently on the market?
All authorized SignalVault Resellers are presently selling the third edition. The third edition was published on September 25, 2015, to coincide with SignalVault’s debut on Shark Tank.
This version will have Dual Protection, allowing it to preserve passport cards as well as the new Enhanced Driver’s License (EDL) issued as part of the Western Hemisphere Travel Initiative.
How long can the SignalVault be used?
With regular wear and tear, the SignalVault will last three years. The microchip in the SignalVault is rated at 100,000 protection cycles, which is akin to a hacker attempting to steal personal information 10 times each day for 25 years.
Will the SignalVault function after passing through an airport or a courthouse?
Yes. Scanners and X-rays used at airports and courthouses will not harm the SignalVault.
Is it necessary to place me in one of the Passport Vault slots to safeguard my passport?
No, the whole Passport Vault is protected with the RF-Block material, which protects the passport as well as any cards stored within the travel organizer.
Is it possible to get the SignalVault personalized with my business item?
Yes. Please contact them at 386-218-0555 or [email protected] to begin customizing their custom order.
What is the net worth of Chris Gilpin?
Chris Gilpin’s net worth is estimated at $1.5 Million.
