Thalmic Labs has opened a new office at 27 Gaukel in Waterloo – a 124-year-old building with 26,000 square feet of space, and the former site of Schreiter’s Furniture – as it looks to make room for its growing team working on its next product.
In a blog post, Thalmic CEO Stephen Lake said the company has now hit 350 people, mostly in engineering and “specialized skill sets for our Advanced R&D team.” The new space will be mostly dedicated to its research and development team.
“At our current size and with our growth trajectory, we faced the decision to either stay downtown or move to a suburban office park. For us, the choice was straightforward; we want to continue to invest in Kitchener’s core as part of the downtown revitalization,” writes Lake.
This is not the first time the company has taken up significant real estate in the region; in October 2016 the company opened a 50,000 square foot facility dedicated to building its next wearable product, which it’s kept under wraps since its $158 million Series B just a month prior.Read More