VeloCity Garage Company Thalmic Labs Announces 14.5M in Funding!

Earlier today Thalmic Labs made the exciting announcement that they have received 14.5M in funding.

Thalmic Labs was founded by Stephen Lake, Matthew Bailey, and Aaron Grant – all University Of Waterloo Engineering graduates. The team’s revolutionary gesture controlled armband, the MYO, gives users the ability to interact with various technologies. As you can see in the Thalmic video below, the armband allows users to control power point presentations, video games, and even fly helicopters.

Recently the company took part in the Y Combinator program in Mountainview, California. As Thalmic looks ahead they’re excited to be recruiting over 30 new employees to work in a variety of areas.

The announcement has caused significant excitement inside the tech industry; for more information on the announcement check out these articles written by TechCrunch and Venturebeat.

Interested in being part of the over 25,000 people who have already pre ordered a MYO? Head over to Thalmic’s pre order form.