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Thalmic Labs, a company founded by three Waterloo Engineering graduates, announced a series B raise of US $120 million today.

Leading the future of human-computer interaction with its Myo gesture control armband, the company has plans to further build out its workforce in Kitchener-Waterloo and San Francisco, and accelerate development of new technologies and products. 

The investment was led by Intel Capital, the Amazon Alexa Fund and Fidelity Investments Canada.

A device that harvests ambient emissions from smartphones and converts them into power to run smart contact lenses has earned a team of Waterloo Engineering students a third-place finish and a $4,500 US prize in an international design competition.

Fifty student teams vied for honours at the IEEE Antennas and Propagation Symposium in Puerto Rico after being challenged to design and build power-harvesting devices capable of turning radio-frequency emissions into useful DC power.