Robbie Cabral hopes to lock up a deal with the Sharks for BenjiLock, his fingerprint activated padlock, in Shark Tank episode 901. Cabral was a big hit at CES in 2017, as it was named an Innovation Awards Honoree in the Smart Home product category. The lock uses fingerprint hybrid patent technology which Cabral invented.
He started the company in 2013 in Los Angeles and spent the past four years perfecting the technology. Essentially, your fingerprint is your “key” for an otherwise traditional padlock. The lock recognizes up to four fingerprints and comes with a standard key in case there are problems, like the battery losing power. BenjiLock claims it will hold a charge for a year.
So far, the product isn't for sale. When it is available, it should cost around $80. Various press releases say it will be available in the fourth quarter of 2017. So far, the website only has an email sign-up form for notification of availability and links to BenjiLock's various social media sites. Cabral likely wants a Shark's help launching his product.
Will Mr. Cabral lock in on a Shark and get an investment?
BenjiLock Company Information
Posts About BenjiLock on Shark Tank Blog
BenjiLock Shark Tank Recap
Robbie will pitch the panel of five Sharks on the business and its prospects for growth. He'll need to convince Mark Cuban, Barbara Corcoran, Kevin O'Leary, Lori Grenier, and Alex Rodriguez that the company is worthy of a Shark investment. A good business plan, good financials, and sales data will impress the Sharks, but he’ll need to show them HE is capable of running the company to “Shark standards." A full pitch re-cap on BenjiLock will be available on Shark Tank Blog once this episode airs.
BenjiLock Shark Tank Update
The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. Once an episode has aired, we monitor the progress of the businesses featured, whether they receive funding or not and report on their progress. The Shark Tank Blog will follow-up on BenjiLock & Robbie Cabral as more details become available.