Waterloo-based Thalmic Labs has announced a US$120 million ($158 million) Series B Funding led by Intel Capital, The Amazon Alexa Fund, and Fidelity Investments Canada. 

In a statement, Thalmic said the new investment will help the company realize its vision for the next era of computing, “where the lines between humans and digital technology become increasingly blurred.”

Thalmic created its first product, the Myo armband, in 2012. The armband reads the electrical activity of the wearer’s muscles to control technology with gestures and motion. The company said the armband is now used by tens of thousands of customers in over 150 countries. 

Thalmic said 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 virtual reality experiences.

The company is currently recruiting.  

“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,” the statement said.