BoxLock is a smart device designed to protect packages delivered at home. Those boxes that are sitting on your porch when you’re not home are easy targets for “porch pirates” and “package thieves.” According to BoxLock, 30 percent of Americans have been victims of porch pirates. The inventor of BoxLock, Brad Ruffkess from Atlanta, Georgia, demonstrates how the device works on the Season 10 premiere of Shark Tank (October 7). BoxLock is a padlock you put on a storage container on your porch. Using the scanner on the bottom of the BoxLock, a delivery person scans the tracking number on the package, which then unlocks the padlock.
Ruffkess is seeking an investment of $1 million in exchange for 5 percent equity. You read that right. Ruffkess is presenting in front of guest shark Jamie Siminoff who didn’t get a Shark Tank deal for his video doorbell security product Doorbot (now Ring) but a few years later sold it to Amazon for $1 billion. (On Shark Tank, Siminoff asked for $700k for 10 percent and turned down an offer from Kevin O’Leary.) New episodes of Shark Tank air Sundays at 10pm on ABC, right after Dancing with the Stars: Juniors. [Related: 27 Favorite ‘Shark Tank’ Products at Amazon]