Thalmic Labs’ Next Phase: Announcing $120M USD in Series B Funding

Superpowers, here we come.

Today, we’re excited to announce our $120M USD Series B Funding led by Intel Capital, The Amazon Alexa Fund, and Fidelity Investments Canada, with participation from existing investors including Spark Capital. This new investment will help us realize our vision for the next era of computing, where the lines between humans and digital technology become increasingly blurred.

We’ve been reimagining human-computer interaction since we first created the Myo armband in 2012 and are proud of what the team at Thalmic has accomplished to date. With Myo, we built an entirely new type of sensor from the ground up, made breakthrough advances in gesture recognition, and ultimately turned science fiction into reality for tens of thousands of customers in over 150 countries.

Our developer community took the technology further than we ever imagined possible: researchers are using the Myo armband to train amputees on how to use their prosthetic limb and to translate sign language, while some developers have built incredible virtual reality experiences.

Myo was just the beginning. We have new products in the pipeline and are excited to share more soon.

Nearly four and a half years in, what we’re most proud of is the incredible team of people who have joined us. It’s a team that lives at the intersection of science and engineering; reasoning from first principles and pioneering new paths. We’re humbled every day to work alongside our colleagues at Thalmic and are always looking for those sharing our passion and vision to join the team. We’re hiring experienced team members for sales, marketing, and business development positions in our new San Francisco location while growing our engineering, R&D, and design teams in Waterloo.

This financing marks an exciting milestone for us, however, it’s just one step on a long journey ahead of us. Today is still day one. We wouldn’t be where we are today without our early supporters, our Myo community, and our investors. Want to be the first to know what’s next? Sign up.

— 
Aaron Grant, Matthew Bailey, and Stephen Lake
Co-Founders, Thalmic Labs