Torque Safe is a game-changing safety tool designed to prevent workplace accidents caused by hydraulic torque wrenches. Its innovative safety switch ensures tools can’t be accidentally activated during high-pressure tasks, making jobs in construction, mining, and manufacturing safer. For example, workers can confidently operate heavy equipment without risking injuries caused by misaligned or unintended tool usage.
Torque Safe appeared on Shark Tank during Season 13 but did not secure an investment deal. However, the exposure boosted its reputation, leading to increased demand from industries focused on improving workplace safety. The product has since gained recognition for its ability to minimize risks in dangerous work environments.
As of 2025, Torque Safe is still in business and continues to expand its reach globally. Its commitment to preventing accidents has made it a trusted name in industrial safety tools.
Torque Safe Net Worth
Net worth | $5 million (2024) |
Annual Sales Revenue | Below $5 million |
Investors | Steve Baxter, Andrew Banks and Glen Richards |
Founder | Luke & Vanessa Gosden |
Employees | 1-25 employees |
Torque Safe Pitch on Shark Tank
Company name | Torque Safe |
Product | This business makes and sells safety switches for tools that use hydraulic torque, keeping them safer to use. |
Episode | Season 02 Episode 13 |
Founders | Luke & Vanessa Gosden |
Asked for | $300,000 for 15% Stake |
Final deal | $500,000 for 50% Stake |
Sharks | Steve Baxter, Andrew Banks and Glen Richards |
Location | Gambier WestSouth Australia |
Don’t miss these product from Season 02
Torque Safe Founders
Torque Safe was founded by Luke & Vanessa Gosden in 2012. Luke and Vanessa Gosden, a married couple, created Torque Safe, a safety device.
Luke, with 10 years of mining experience, witnessed accidents with hydraulic tools, inspiring him to make them safer. This led to the invention of Torque-Safe. Torque Safe’s founders, Luke & Vanessa Gosden, have a net worth of 5 million USD as of 2024.
Key accomplishments:
Year | Accomplishment |
2016 | The company appeared on Shark Tank Season 02 Australia and got the deal from Steve Baxter, Andrew Banks and Glen Richards. |
2020 | In 2020, Torque Safe’s value ranged between 15 to 25 million USD. |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Torque Safe and its continued success.
Also if you want to read further details about Torque Safe, Read here : Torque Safe ,Here is what happened to Life-Saving Device After Shark Tank