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Waterloo's Thalmic Labs named in the 2017 Forbes 30 Under 30: Consumer Technology list

Last Updated Jan 5, 2017 at 9:40 am EDT

Photo courtesy of Thalmic Labs - Cofounders Aaron Grant, 27, Matthew Bailey, 27, Stephen Lake, 27.

Three University of Waterloo grads are celebrating after being named to Forbes 30 Under 30 Consumer Technology list.

Thalmic Labs was founded in 2012, searching to find new ways for people to interact with computers.

One of their most notable products is the Myo armband, a wearable gesture and motion-control device that lets its user control their computer touch-free.

Cofounder and CEO, Stephen Lake says they are now focusing on hiring more local talent.

“Over the past year or so, we’ve almost tripled in size and we’ll continue to grow rapidly over the next year,” says Lake. “Hiring and recruiting right now is a big priority. We’ve also announced a new manufacturing site a few months ago in Waterloo, which we’re just getting online as well.”

Thalmic Labs has raised $135 million and has over 100 employees.

“So many companies are doing interesting things right now in the Kitchener Waterloo area, that we’re really starting to see that international recognition,” says Lake. “I think, in many ways, Canada is having a moment right now on the international stage.”