What is Vault?
VAULT is recognized for its innovation in credit card reader technology, particularly with its VertiSwipe product, designed to improve the accuracy and performance of credit card swipes. This technology is compatible with leading brands like MAGTEK and IDTECH and can be integrated into VAULT enclosures for a comprehensive solution. Beyond payment hardware, VAULT also produces the CORD+ series of robust power and data cables, engineered for superior durability and performance enhancement of connected devices. The company's focus on hardware reliability positions it within the critical infrastructure of transaction processing and device connectivity.
How much funding has Vault raised?
Vault has raised a total of $450K across 2 funding rounds:
Debt
$150K
Debt
$300K
Debt (2020): $150K with participation from PPP
Debt (2021): $300K led by PPP
What's next for Vault?
The substantial late-stage funding secured by Vault, highlighted by its recent major strategic investment, signals a strong investor confidence in its technological advancements and market strategy. This capital infusion is likely to fuel further research and development, expansion of manufacturing capabilities, and broader market outreach for both its VertiSwipe technology and CORD+ cable lines. As Vault continues to innovate in the payment hardware space, its focus will likely remain on solidifying its market share and potentially exploring new applications for its core technologies.
See full Vault company page
