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Matthew Bailey, left, and Stephen Lake, co-founders of Thalmic Labs Inc., work on a wearable device at the company’s headquarters in Kitchener, Ont., in this 2013 file photo. (Tim Fraser for The Globe and Mail)
Matthew Bailey, left, and Stephen Lake, co-founders of Thalmic Labs Inc., work on a wearable device at the company’s headquarters in Kitchener, Ont., in this 2013 file photo. (Tim Fraser for The Globe and Mail)

Intel, Amazon back Ontario tech firm Thalmic Labs with key funding Add to ...

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Thalmic Labs Inc. of Kitchener, Ont. has secured one of the largest venture-capital deals in Canadian history, vaulting the small startup into the big leagues of the country’s technology innovators.

Thalmic, which specializes in biomechanical computer interfaces and classifies itself as a wearable technology company, is expected to announce Monday it has raised $158.6-million in funding led by Intel Capital, the Amazon Alexa Fund and Fidelity Investments Canada.

Tech startup Thalmic Labs secures nearly $160M in financing from the likes of Intel, Amazon (BNN Video)
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