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Kitchener's Thalmic Labs secures $120 million in new funding

Last Updated Sep 19, 2016 at 7:53 am EDT

Photo from Thalmic Labs.

Kitchener’s Thalmic Labs has secured $120 million in new funding.

The investment comes from Intel Capital, The Amazon Alexa Fund and Fidelity Investments Canada.

Thalmic says it will help them realize their vision for the next era of computing – “where the lines between humans and digital technology become increasingly blurred.”

In fact, Thalmic plans to double in size over the next year.

They are adding to their engineering, R&D, and design teams in Waterloo Region, as well as adding jobs at their new San Francisco office.

The company launched the Myo armband in 2012. Researchers have used it to help amputees use smartphones and operate computers.