Benjilock is a smart lock brand from America, its founder Robbie Cabral is an expert from Advertise. He started this Benjilock in October 2015 in Los Angeles. This smart lock has a fingerprint sensor, through which the user can open the lock with the help of his finger, this Benjilock net worth is estimated at $1 million. It has been featured in Season 9 Episode 4 of Shark Tank.
Success Story Of Benjilock
What Is Benjilock?: The way people are changing themselves in this technology world with innovations. Smartphones, Smart TVs and Smart Homes, etc. have been made through technology. Do you know that smart lock has been innovation in this technology world? This is such a lock-in in which there is no key because it makes the user’s finger.
The way the smartphone has a fingerprint lock, which does not open the lock of the smartphone without a fingerprint scan, in the same way, it is a smart lock. BENJILOCK is a smart lock made from smart technology, it has a battery that works under a limit.
Founder Story: The founder of BENJILOCK, Robbie Cabral, does Advertisement management, he had no idea about the technology. Heard a local engineer for the idea of making this smart lock of his own and asked him to do this project. This project took almost 3 years to complete, after that digital lock was to be installed in this lock. That’s why he helped a developer and got a fingerprint sister installed in this lock.
Cabral’s friends suggested he show this product at the Las Vegas Consumer Electronics Show. This product became a huge hit and won the “2017 CES Innovation Awards Honoree Winner in the Smart Home” This smart lock has won more than 21 awards so far.[1]
He went to the reality show Shark Tank and Kevin O’Leary liked this product and Cabral got the investment to market his product.
Benjilock Net Worth 2021
Benjilock is a smart lock with a net worth of $1 million as shown by the share price. This company is going to grow a lot in the coming time.
| Name | Benjilock |
| Net Worth (2021) | $1 Million *Approx |
| Pitch | Smart lock |
| Entrepreneur | Robbie Cabral |
| Asked For | $200,000 for 10% |
| Deals | $200,000 for 15% |
| Shark | Kevin O’Leary |
| Monthly Income | $14,000 |
Investors Of Benjilock
After Robbie Cabral brought this lock to Shark Tank, his product got an investment from Kevin O’Leary. Cabral made an offer for his product at the rate of $200,000 for 10% share but he got $200,000 for 15% share.
Monthly Income Of Benjilock
Benjilock comes in different types such as fingerprint, key, and digital number. Its price has been kept according to the quality and features of the product. There are separate locks for business, bike, scooter and garage which are equipped with high security.
This smart lock price starts from $29.99 to $179.99. This lock is a mostly offline sale, every month this lock generates $14,000 revenue.
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Summery
This smart lock is used to secure cars, bikes, and homes, etc. This company has got a lot of investment in Shark Tank. We hope this Lock Company becomes a billionaire going forward.