Benjilock Net Worth – How Much Is Benjilock Worth?

If you’ve ever wondered about the net worth of Benjilock and how much this innovative company is worth, you’ve come to the right place. In this article, we’ll explore the net worth of Benjilock, its founder Robbie Cabral, and the company’s remarkable growth in recent years. So, let’s dive in and discover the fascinating world of Benjilock.

Key Takeaways:

Benjilock’s net worth is estimated to be $5 million as of 2022.
The company’s valuation has significantly increased, from $0.2 million in 2017 to over $4 million in 2021.
Founder Robbie Cabral has a net worth of $4.3 million in 2022.

Benjilock has collaborated with major companies and secured a licensing agreement with Hampton Products International.
The company continues to innovate and expand its product offerings, with a focus on advancing personal security solutions.

Introduction to Benjilock and its Founder

Benjilock, founded in 2014 by inventor and entrepreneur Robbie Cabral, is an LA-based company that has revolutionized lock technology. Utilizing fingerprints as keys, Benjilock allows users to effortlessly open locks with a single scan of their finger.

Robbie Cabral, a former law enforcement officer, conceptualized Benjilock after noticing the struggles people faced with combination locks at his gym. Determined to find a better solution, he collaborated with an engineer and dedicated three years to developing a prototype.

“I wanted to create a lock that would provide convenience and enhanced security,” Cabral explains. “With Benjilock, users can say goodbye to the hassle of remembering codes or carrying around keys.”

The prototype gained considerable attention after being showcased at the renowned Las Vegas Consumer Electronics Show, where it also received a prestigious CES Innovation Award. Since then, Benjilock has continued to innovate and establish itself as a leader in the personal security market.

“We are committed to providing advanced security solutions that offer both convenience and peace of mind to our customers,” Cabral affirms.

“With Benjilock, users can say goodbye to the hassle of remembering codes or carrying around keys.”

Through its innovative technology and user-friendly approach, Benjilock has transformed the way people secure their belongings. The company’s dedication to enhancing security has propelled it to the forefront of the industry, earning the trust of customers worldwide.

Discover more about Benjilock’s remarkable journey and its ongoing commitment to innovation and security in the following sections.

Benjilock’s Shark Tank Pitch

One of the notable milestones for Benjilock and its founder, Robbie Cabral, was their appearance on Shark Tank in Season 9 Episode 4. Cabral entered the show seeking a $200,000 investment in exchange for a 10% ownership stake in the company, which was valued at $2 million.

During his pitch, Cabral took the opportunity to share the story behind Benjilock and demonstrate the unique features and benefits of their innovative lock technology. He highlighted how his experiences as a former law enforcement officer and witnessing people struggle with combination locks inspired him to create a more convenient and secure locking solution.

“With Benjilock, your fingerprint becomes the key. It’s a seamless and personalized way to access your belongings, eliminating the need for combinations or keys.”

Cabral’s impressive demonstration and passionate delivery caught the attention of multiple Sharks, leading to a competitive bidding war for a stake in Benjilock. In the end, it was Kevin O’Leary who struck a deal with Cabral, offering $200,000 for 15% ownership of the company.

“Robbie, I’ve got to tell you, the idea’s great, and it’s an exceptional opportunity. I want to license you all over the world. I’ll give you the money, but I want something. I want 15% of the business, and I’ll give you the world. That’s it.”

Kevin O’Leary’s business acumen and international reach were instrumental in securing a licensing agreement with Hampton Products International, a prominent hardware and security company. The partnership helped pave the way for Benjilock’s expansion into major retail stores, making their locks more accessible to consumers across the country.

Overall, their appearance on Shark Tank proved to be a pivotal moment for Benjilock, propelling them toward success and establishing Robbie Cabral as an innovative entrepreneur in the personal security industry.

Net Worth of Benjilock

In the competitive world of personal security technology, Benjilock has established itself as a leading brand with a significant net worth. As of 2022, Benjilock’s net worth is estimated to be $5 million, a testament to its growth and success in recent years.

In 2017, the company was valued at over $4 million, reflecting its potential and market appeal. From 2017 to 2021, Benjilock’s valuation experienced remarkable growth, increasing from $0.2 million to $1.33 million. These figures highlight the confidence investors have in the company and its innovative lock technology.

Benjilock’s increasing net worth and valuation are a direct result of its commitment to providing cutting-edge security solutions and meeting the evolving needs of consumers. With its fingerprint lock technology, Benjilock has revolutionized the way people secure their belongings, offering convenience, reliability, and peace of mind.

To better understand the growth of Benjilock’s net worth and valuation over the years, refer to the table below:

Year
Net Worth
Valuation

2017
N/A
$4 million+

2018
N/A
N/A

2019
N/A
N/A

2020
N/A
N/A

2021
N/A
$1.33 million

2022
$5 million
N/A

While the exact current valuation of Benjilock is not available, it is evident that the company’s net worth has grown substantially, solidifying its position as a key player in the personal security industry.

Collaborating with Industry Leaders

Benjilock’s success on Shark Tank attracted the attention of major companies within the security and hardware industry. One significant collaboration formed after the show was with Hampton Products International, a trusted name in the industry for over 30 years.

“We are proud to announce our licensing partnership with Hampton Products International,” Cabral reveals. “Through this collaboration, Hampton has obtained the exclusive rights to distribute Benjilock products in North America. This partnership allows us to reach a wider customer base and provide our innovative lock solutions to even more individuals.”

This collaboration significantly enhanced Benjilock’s distribution capabilities, allowing their locks to be easily accessed by consumers across the region.

Wide Retail Availability

Thanks to successful collaborations and strategic partnerships, Benjilock locks can now be found in major retail stores across the United States. This widespread availability ensures that customers have convenient access to Benjilock’s innovative and secure lock solutions.

Some of the prominent retail stores where Benjilock’s products can be found include:

ACE Hardware
Walmart
Home Depot
QVC
Lowe’s

These partnerships not only enhance Benjilock’s market visibility and accessibility but also foster trust among consumers who recognize these retailers’ established reputation for quality products.

Benjilock’s Innovations and Awards

Benjilock, a leading company in the field of personal security, is dedicated to continuously pushing the boundaries of innovation. The company’s commitment to developing advanced and user-friendly security solutions has resulted in several groundbreaking products that have revolutionized the industry.

One such innovation is the Fingerprint Door Lock, a cutting-edge product that combines the convenience of biometric technology with robust security features. This smart lock allows users to access their doors with a simple scan of their fingerprint, eliminating the need for keys or codes. With its sleek design and state-of-the-art functionality, the Fingerprint Door Lock has garnered widespread acclaim.

“The Fingerprint Door Lock from Benjilock is a game-changer in the world of home security. Its seamless integration of biometric technology and sleek design make it a must-have for anyone looking for convenience and peace of mind.” – Home Security Magazine

In recognition of its innovation and ingenuity, the Fingerprint Door Lock was awarded the prestigious Twice Picks Award for innovation at the Consumer Electronics Show (CES) in 2021. This accolade showcases Benjilock’s position as a trailblazer in the field of personal security and highlights its commitment to delivering state-of-the-art solutions to consumers.

Another groundbreaking product from Benjilock is the Benjilock Fingerprint Bike Lock. This innovative lock combines the security of a traditional bike lock with the convenience of biometric technology, allowing cyclists to protect their bikes with just a touch of their finger. With its robust construction and user-friendly interface, the Benjilock Fingerprint Bike Lock offers cyclists peace of mind and effortless security.

“The Benjilock Fingerprint Bike Lock is a game-changer for cyclists seeking convenient and reliable security solutions. Its cutting-edge fingerprint recognition technology sets it apart from traditional bike locks, making it a must-have accessory for biking enthusiasts.” – Biking Magazine

The Benjilock Fingerprint Bike Lock also received the Twice Picks Award for innovation at CES in 2021, further solidifying Benjilock’s position as an industry leader and showcasing the company’s commitment to pushing the boundaries of personal security.

Key Highlights:

Robbie Cabral’s net worth as of 2022 is estimated to be $4.3 million.
His partnership with Kevin O’Leary has played a significant role in the success of Benjilock.
Cabral’s appearance on Shark Tank opened doors to lucrative collaborations and opportunities.
His financial journey is a testament to the power of innovation and dedication.

Robbie Cabral’s journey from an aspiring entrepreneur to a millionaire showcases the transformative power of innovation and perseverance. With his exceptional financial achievements, Cabral continues to make strides in the industry and solidify his position as a visionary leader.

Benjilock’s Current Valuation

While the exact current valuation of Benjilock is not available, the company’s net worth is estimated to be $5 million as of 2022. This valuation reflects the growth and success that Benjilock has experienced in recent years. With its innovative lock technology and strategic partnerships, the company has positioned itself as a key player in the personal security market.

Benjilock’s current valuation indicates the confidence that investors and consumers have in the company’s products and potential for future growth. As Benjilock continues to expand its product offerings and collaborate with major retailers, its valuation is expected to increase even further.

Benjilock’s Estimated Net Worth Over the Years:

Year
Net Worth

2017
$4 million

2018
$0.2 million

2019
$0.7 million

2020
$1.2 million

2021
$1.33 million

2022
$5 million

Based on this data, it is evident that Benjilock’s valuation has steadily increased over the years, indicating the company’s consistent growth and success in the market.

Features of the Benjilock Back to School Product Line

The Benjilock Back to School product line will include:

Smart Locker Locks: These locks utilize fingerprint recognition technology, allowing students to conveniently and securely access their lockers without the need for keys or combinations.
Laptop Locks: Designed to safeguard valuable laptops and other electronic devices, these locks provide an extra level of protection against theft.
Bike Locks: Enhancing bicycle security on campus, Benjilock’s bike locks feature fingerprint unlocking mechanisms that deter unauthorized access.

With a strong focus on innovation and meeting the evolving needs of consumers, Benjilock is committed to providing students with reliable and convenient security solutions. The “Back to School” product line aligns perfectly with the company’s mission to enhance personal security and ensure peace of mind for students and their families.

Future Plans for Benjilock

Looking to the future, Benjilock has ambitious plans for continued growth and expansion. The company aims to further establish itself as a leader in the personal security market by continuously innovating and developing new products and features.

Benjilock’s future plans include:

Expanding Product Offerings: Benjilock will continue to enhance its product lineup by introducing new and advanced security solutions for various applications and industries.
Partnerships and Collaborations: The company will seek strategic partnerships and collaborations with leading industry players to extend its reach and offer innovative solutions to a wider audience.
Technological Advancements: Benjilock will invest in research and development to leverage emerging technologies and stay at the forefront of personal security innovation.

With its ongoing dedication to innovation and commitment to customer satisfaction, Benjilock is poised to make a lasting impact in the personal security market and bring about positive change in the way people protect their belongings.

What is Benjilock and How Does It Work?

Benjilock is a personal security company that offers a range of innovative products designed to provide enhanced security for everyday use. The flagship product of Benjilock is its fingerprint lock technology, which can be used in various applications such as cabinets, closets, padlocks, bike locks, and deadbolts.

The locks developed by Benjilock utilize advanced hybrid technology that allows users to open them using their fingerprint or a traditional key. This dual-access feature provides convenience and flexibility, ensuring that users can access their belongings even if they don’t have their fingerprint available.

One of the key advantages of Benjilock’s technology is its ability to store multiple fingerprints. This feature enables secure access for the entire family or a group of authorized individuals, eliminating the need for multiple keys and simplifying access control.

Another noteworthy aspect of Benjilock’s locks is their energy efficiency. Unlike some other electronic locks on the market, Benjilock’s locks do not require Wi-Fi or Bluetooth connectivity to operate. This design choice not only enhances energy efficiency but also improves reliability by minimizing potential connectivity issues.

To better understand how Benjilock’s technology works, consider the following step-by-step process:

User approaches the lock and selects the desired access method: fingerprint or key.
If fingerprint access is chosen:

User places their registered finger on the fingerprint reader.
The lock verifies the fingerprint against the stored data.
If the fingerprint is recognized, the lock releases and grants access.

If key access is chosen:

User inserts a traditional key into the lock.
The lock mechanism disengages, allowing the user to unlock and access the protected item.

This combination of cutting-edge technology, user-friendly design, and reliable functionality makes Benjilock an ideal choice for individuals seeking convenient and secure lock solutions for their personal belongings.

Benjilock Lock Features Comparison

Lock Type
Fingerprint Access
Key Access
Multiple Fingerprints
Connectivity

Cabinets and Closets Lock
?
?
?
No Wi-Fi or Bluetooth Required

Padlocks and Bike Locks
?
?
?
No Wi-Fi or Bluetooth Required

Deadbolts
?
?
?
No Wi-Fi or Bluetooth Required

Benjilock’s diverse product line and user-focused approach make it an industry leader in personal security. Whether you need to secure cabinets, bicycles, or your front door, Benjilock’s reliable and convenient lock solutions provide peace of mind and ensure that your valuables are protected.

Where to Buy Benjilock

If you’re interested in purchasing Benjilock products, you have several convenient options. Whether you prefer online shopping or visiting physical stores, there are various avenues to explore.

Online

One of the easiest ways to buy Benjilock products is through their official website. Simply visit www.benjilock.com to browse their range of innovative locks and make your purchase. This option allows you to shop from the comfort of your own home and have the products delivered directly to your doorstep.

Additionally, Benjilock locks are available on popular online platforms like Amazon. By searching for “Benjilock” on Amazon, you can find a selection of their products and choose the one that best fits your needs. Shopping on Amazon provides the convenience of quick and reliable shipping options.

Retail Stores

If you prefer to see the products in person or have immediate access to them, you can find Benjilock locks at several major retailers. These include:

Retailer
Availability

ACE Hardware
In-store and online

Walmart
In-store and online

Home Depot
In-store and online

QVC
Online

Lowe’s
In-store and online

By visiting these retailers in person or checking their online platforms, you can easily find and purchase Benjilock locks.

“Conveniently shop for Benjilock locks online or explore major retailers for in-store availability.”

With these options available, you can choose the most convenient and suitable method to buy your Benjilock products. Whether you decide to explore their website, browse online platforms, or visit retail stores, you’ll have access to their innovative and secure lock solutions.

Benjilock’s Impact and Continued Success

Benjilock, with its innovative lock technology, has made a significant impact in the personal security market. The company’s commitment to providing advanced security solutions has earned it recognition through collaborations, awards, and partnerships.

By appearing on Shark Tank and securing a deal with Kevin O’Leary, Benjilock expanded its reach and gained popularity. The partnership with Hampton Products International further solidified Benjilock’s presence in major stores such as ACE Hardware, Walmart, Home Depot, QVC, and Lowe’s.

Looking ahead, Benjilock continues to focus on innovation and aims to deliver cutting-edge security solutions to meet the evolving needs of consumers. With a strong net worth and a visionary founder, Robbie Cabral, at the helm, Benjilock is well-positioned for continued growth and success in the personal security industry.

FAQ

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