First came the smartphone. Then came the smartwatch. Then came the virtual reality craze. What will they think of next? A Canadian technology company called Thalmic Labs already thought of something. And they’re getting plenty of support. This revolutionary wearable technology gets millions in venture capital.
Thalmic Labs’ has a technology piece called the Myo. You wear the Myo on your arm. This armband uses electricity generated by your arm muscles. With this, you can control devices like computers, smartphones and drones. In one You Tube video, Myo users do other normal things with the armband, like teach a class and play video games. You can buy a Myo wristband for around $149. ?Thalmic Labs announced they received over $120 million in funds.
These funds come from big tech names and banking names. Intel, Amazon and Fidelity have contributed a combined $120 million. Amazon invests millions in voice control technology. Maybe their generous contribution to Thalmic Labs will persuade them to assist Amazon in that cause. ?Intel leads the tech world in microchip technology. They’re obsessed with taking wearable technology to the next level. Do they think Thalmic Labs can aid their cause? In fact, Intel’s New Technology Group Senior VP Josh Walden praises Thalmic Labs for their technology breakthroughs.
Thalmic Labs started in Waterloo/Kitchener, Ontario, Canada. Their main headquarters are still there. They also have offices in San Francisco and Waterloo, Iowa. They employee a combined 100 people, approximately. But I notice none of these companies say anything about Myo. They say nothing about investing in the making, promotion, or selling of Myo. And Myo could be Thalmic Lab’s top selling product. It could make them so many millions they won’t even need venture contributions anymore. But that’s not where the focus is. It should be, but it isn’t. The focus seems to be using Thalmic Labs to promote these mega companies’ own agenda, like RFID technology and/or voice control. ?If I were Thalmic, I’d take the money with glee and thanks, but I’d advise them to help me with Myo. Help me make, promote, and sell this revolutionary product. What would you do?