SignalVault Net Worth and Shark Tank Update – After Shark Tank

SignalVault was created to combat the rising threat of electronic pickpocketing. Gilpin wanted to prevent identity thieves from using portable scanners. To steal sensitive credit and debit card information from people’s wallets.

The company offers credit card sized devices that utilize custom E-Field technology. When placed inside a wallet the protector sends an active blocking field that jams scanners. Prevents unauthorized wireless access to personal data without needing batteries or charging.

On Season 7 of Shark Tank Gilpin asked the sharks for an investment of $200,000 for a 12.5% equity stake in his company. He accepted a joint deal from Robert Herjavec and Lori Greiner. Who agreed to provide the $200,000 in exchange for a 12.5% equity share.

Following its appearance on the show SignalVault experienced growth. With sales surging from about $275,000 to millions of dollars in months. The company secured major B2B clients, landed spots on QVC and expanded its product offerings on the SignalVault Website.

Christopher Gilpin boasts a personal net worth estimated between $4 to $5 million. The brand continues to operate as a prominent player in the Amazon SignalVault and direct to consumer RFID protection market.

SignalVault Net Worth

Chris Gilpin asked for a $200k investment in exchange for 12.5% equity in his company, SignalVault. This meant he valued his company at $1.6 million. After some negotiations, Chris made a deal with Lori Greiner and Robert Herjavec for $200k in exchange for 25% of his company. This new deal valued his company at $800,000. After the show aired, SignalVault saw a big increase in website traffic, sales, and social media exposure. With an estimated 10% yearly growth rate (typical business growth), the current net worth of SignalVault is about $11.7 million.

Did The SignalVault Get a Deal on Shark Tank?

Yes, SignalVault founder Chris Gilpin successfully secured a deal on Shark Tank. SignalVault secured a $200,000 investment for 25% equity from Lori Greiner and Robert Herjavec on Shark Tank Season 7. Following high interest driven by $14.95 retail pricing, 45 cent manufacturing costs and 45,000 units sold. 

The negotiation involved multiple offers. With the founder partnering with Greiner and Herjavec over Kevin O’Leary to use their marketing and security backgrounds. The RFID blocking card protector experienced sales spikes following the episode. The company continues to operate with “Shark Tank Approved” status.

SignalVault Shark Tank Deal Table

Shark(s) name	Offer & Demand	Counteroffer	Accepted?
Ashton Kutcher	Out	N/A	N/A
Lori Greiner and Robert Herjavec	1# $200,000 for 18% equity  2# $200,000 for 15% equity	1# $250,000 for 18% equity  2# $200,000 for 25% equity	Yes
Kevin O’Leary	$200,000 for 20% equity	N/A	N/A
Robert Herjavec	$200,000 for 15% equity	N/A	N/A
Mark Cuban	Out	N/A	N/A

Founders’ Backstory

SignalVault was founded in September 2013 by Chris Gilpin, a former college dropout. The company’s origin began at a 2012 security conference in Orlando, Florida. Where Gilpin witnessed a demonstration of “electronic pickpocketing” (crowd hacking). In which thieves could wirelessly scan and steal credit card data.

Gilpin funded the initial prototype with $7,908 in winnings from a $1 Florida Lottery ticket. He developed a credit card sized device designed to jam RFID scanners without needing batteries.

The company gained exposure during the Target data breach in late 2013. Because of his newfound status as a security expert, Gilpin appeared on national news shows. Driving initial sales to over 50,000 units. SignalVault gained even broader recognition in 2015 after appearing on ABC’s Shark Tank. Where Gilpin secured a deal with QVC expert Lori Greiner.

SignalVault Shark Tank Pitch

Chris Gilpin began his Shark Tank pitch in the Season 7 premiere by introducing his product as the solution to “crowd hacking”. To grab the Sharks’ attention, he involved them in a live demonstration. Gilpin handed each Shark an RFID scanner. And showed them how easily these cheap commercially available devices could read personal credit card information even while the card remained inside a wallet. This demonstration shocked the Sharks and proved just how vulnerable everyday consumers were to digital pickpocketing.

The core problem presented was the rise of electronic data theft known as “crowd hacking”. As credit and debit cards were upgraded to include RFID (Radio Frequency Identification) chips. They became vulnerable to thieves carrying portable scanners. Gilpin explained that hackers could buy these readers online for as little as $8 and use them in public places like malls, airports or elevators to steal names, card numbers and expiration dates right through purses or pockets. Victims would never realize their personal financial data had been compromised until fraudulent charges were made.

SignalVault acts as a high tech shield for the sensitive information in your wallet. Designed to be the same size as a standard credit card, the device features patent pending E-Field Technology.

When an unauthorized scanner attempts to read the cards in your wallet, the SignalVault microchip detects the incoming radio frequency. It draws power directly from the scanning device itself meaning it never requires batteries or charging. The device disrupts the scanner by generating a blocking signal that makes your credit cards “invisible” to hackers. Placed in a wallet, one SignalVault card can protect an entire stack of cards, lasting for approximately three years or 30,000 hacking attempts.

The company sells its protective cards to consumers online. A typical SignalVault protector retails for around $15 to $20. While the manufacturing cost is about 75 cents providing high profit margins. Beyond retail the company also offers customized security cards for large financial and corporate clients like Wells Fargo, UBS Financial, and The Hartford.

Shark Questions, Negotiations, Discussion & Reactions

During the pitch, the Sharks drilled down on the mechanics of the business and the product’s validity. The Sharks questioned how SignalVault works compared to competitors. Gilpin explained it uses E-Field technology to block hackers from scanning card chips without needing a battery or charging.

They were captivated by the profit margins noting the product costs only 45 cents to make while selling for $14.95. Sharks like Kevin O’Leary expressed concern about the low lifetime value of the customer. As it is a one time purchase that users stick in their wallets and forget. Ashton Kutcher (guest shark) dropped out, citing that competitors already had too much market share.

The pitch concluded with a classic Shark Tank bidding war that pitted Robert Herjavec against Lori Greiner. Kevin O’Leary offered $200,000 for 20% equity. Citing his credibility in financial services and promising to endorse the product.

Lori Greiner offered $200,000 for 18%, proposing to sell the item on QVC. Robert Herjavec jumped in with an offer of $200,000 for 15% before a commercial break.In a surprising twist, Gilpin asked Lori and Robert to team up. He negotiated a deal with Lori and Robert for $250,000 for 18% equity.

Online the product initiated mixed reactions. While some praised the ease of protection. Tech and security fans debated the need for the product compared to the built-in RFID blocking protections built into modern chips. Despite some internet debates, the partnership was a commercial success. SignalVault did millions in retail sales in just a few years and expanded its security product line.

Why Some Sharks Said No

SignalVault, an RFID blocking card that protects debit and credit information. Faced inspection on Shark Tank regarding its narrow focus, low barrier to entry and valuation. Some Sharks declined to make a deal because the product targeted only one specific method of identity theft. The main reasons the Sharks said no or failed to reach a deal centered around several major concerns. 

Sharks like Lori Greiner and others pointed out that in person RFID scanning is not the only way a person’s identity or card information can be stolen. They were concerned that marketing it as total anti hack protection could be misleading. When online data breaches are a much larger threat. Investors noted that the core technology was easy to replicate. Because anyone could create a similar card or aluminum sleeve. The Sharks questioned whether the company had a strong moat against credit card companies or existing tech incumbents. 

Some Sharks were doubtful of the valuation the founder was asking for relative to the company’s current stage. They felt scaling the product and building consumer awareness would require capital expenditures. That did not align with their expected returns on that specific equity split. The Sharks had conflicting views regarding how the product should be marketed. While some favored a direct to consumer digital marketing route. Others viewed the product as too niche. Believing it would be difficult to market without leaning into fear based tactics. Rather than building a long term consumer brand. Several Sharks walked away because they could not agree on a valuation. Or because they felt the company’s long term scale was limited. By the specialized nature of anti hacker technology.

Where To Buy SignalVault Product and Product Features

The SignalVault looks identical to a standard credit card and is designed to slide into any wallet, purse or money clip. Instead of using bulky blocking sleeves or aluminum cases that require a card to be removed for each use. SignalVault remains in the wallet to provide constant protection. The compact device fits alongside your other cards and has been updated with a matte, scratch resistant finish. It requires zero batteries, electrical charging or activation. The device operates for three years before needing to be replaced.

When a hidden scanner attempts to read your card. This field detects the signal and triggers active defensive counter measures. It provides two layers of defense by detecting RFID scanners and generating “white noise” to mask your information. Combined with a signal blocking component that makes your cards completely invisible to readers within a 10 millimeter radius. Because of its broadcast radius a single SignalVault card can protect an entire stack of credit, debit or ID cards in close proximity in your wallet.

During Gilpin’s presentation he used the sharks’ own credit cards to demonstrate “Crowd Hacking”. He placed an inexpensive commercially available RFID scanner near a wallet and read out card details, expiration dates and security codes without ever touching the wallet itself. He then placed a SignalVault into the wallet. Repeated the scan and showed the Sharks that the reader could no longer detect any card signals. Visually validating the technology’s effectiveness.

SignalVault is available through multiple authorized online and retail channels. You can purchase the device on the SignalVault Official Website. The device is also distributed on Amazon. It is an affordable investment in identity theft prevention. A standard 2 pack of SignalVault card protectors retails for $15.00 to $20.00 depending on current online promotions or bundles. Individual replacements or 1 packs are often available for as low as $10.00 or less.

What Happened To SignalVault After Shark Tank?

SignalVault is operational in 2026. Following founder Chris Gilpin’s appearance on Shark Tank the company secured an investment and achieved explosive growth. With sales the day after airing surpassing the previous two years’ totals combined. 

Following the broadcast SignalVault did over $2 million in sales. Pushing founder Chris Gilpin to transition the company out of his house and into a dedicated office space. The day after the episode premiered Gilpin appeared on QVC alongside investor Lori Greiner. They sold out their initial inventory of 4,800 units in just 8 minutes.

Shark Robert Herjavec’s team stepped in to improve the brand’s Search Engine Optimization (SEO) and website infrastructure to handle the traffic. As the company grew, SignalVault was tapped by financial and corporate clients. Including Wells Fargo, UBS Financial, and The Hartford to create customized versions of their product for their own employees and clients.

SignalVault secured distribution in big box retail. Launching a national test in 45 Bed, Bath & Beyond stores and holding discussions with Target and Walmart. The volume of post show orders caused logistical hurdles. With products selling out and leaving the company playing catch up for a little over a month.

The company faced independent product testing that assessed the efficiency of the SignalJamming microchip in open wallets. SignalVault released updated artwork, a more durable matte finish and heavier technology models. While continuing to publish their independent laboratory electromagnetic tests. SignalVault is a privately held company headquartered in Debary, Florida. Generating an estimated annual revenue in the $1 million to $3 million range, the company continues to update its proprietary products on its official site.

Conclusion

SignalVault launched in 2013 by inventor Chris Gilpin. Who used lottery winnings to start the company. The brand soared into the national spotlight during a Season 7 episode of Shark Tank where Gilpin secured a $200,000 deal with “Queen of QVC” Lori Greiner. The company’s journey from a solo home based operation to an established brand. Highlights the incredible power of television exposure. The Shark Tank effect generated revenue and market awareness for SignalVault’s credit and debit card protectors.

Within the first 14 months of airing the company generated more than $3.2 million in sales, a jump from its $275,000 annualized revenues before the show. Lori Greiner’s immediate backing allowed SignalVault to land spots on QVC. Selling out thousands of units in mere minutes while also securing shelf space in major retail chains like Bed Bath & Beyond and Staples. Founder Chris Gilpin outgrew operating out of his own house. Transitioning into commercial office space and hiring more than a dozen employees. By securing a deal and aligning with a respected investor. SignalVault gained the authority it needed to compete with much larger market incumbents.

As digital theft evolves with smart cards, NFC and mobile wallet integrations. SignalVault is well positioned to innovate its core offerings. The company could expand its E Field Technology into new accessories. Such as blocking passport holders, anti theft backpacks or updated wallet inserts. Designed to shield the complex wireless frequencies of digital payments.