Canadian Startup Lands in Y Combinator Winter 2013 Cohort

Posted by Rob Lewis

Last month startup accelerator Y Combinator announced that they would be cutting down the size of their winter 2013 cohort after their summer 2012 class crept up to a whopping 84 companies.

According to YC partner Paul Graham the accelerator simply grew too fast, "We had 66 companies in winter 2012, and that was fine, but for some reason more things than usual broke when we jumped from 66 to 84".

Graham and his team have settled on a cohort size of "less than 50" for the winter 2013 intake, so competition for North America's premier accelerator was gotten much stiffer. But Techvibes has learned that at least one Canadian company has made the grade.

Waterloo's Thalmic Labs was founded 8 months ago by three uWaterloo mechatronics grads (Aaron Grant, Matthew Bailey, and Stephen Lake) and is now 9 employees strong. Including this new Y Combinator investment they have raised a seed round totaling $1.1 million which includes angel investments from ATI Technologies co-founder Lee Lau, Dayforce co-founder David Ossip, and Rypple co-founder Dan Debow.

Thalmic is being stealthy about what they're working on but in short they have come up with a way to do gesture control without a camera. From their newly launched site, "Yes, it's possible: Gesture control without the lens. Wave goodbye to camera-based gesture control".

Interesting side note, Thalmic was one of nine companies from the University of Waterloo's VeloCity Garage program that interviewed for a spot in the Y Combinator's winter 2013 cohort. And word on the street a couple of these companies may end up in Communitech's HYPERDRIVE accelerator soon.

Company:
Velocity
Website:
http://velocity.uwaterloo.ca
Location:
Waterloo, Ontario, Canada

At uWaterloo, we believe that there is more to higher learning than a conventional university education. The Velocity Program was created to supplement classes and books with a taste of – and gateway to – successful entrepreneurship, forming a collaborative community of student innovators, leaders and entrepreneurs. From ideation to prosperous startup, Velocity is where our most promising students and alumni... more

Company:
Thalmic Labs Inc.
Website:
http://www.thalmic.com
Location:
Kitchener, Ontario, Canada

Thalmic is changing the way people interact with technology. Headquartered in Kitchener-Waterloo, Canada, we're developing exciting new technologies in the area of human-computer interaction: Technologies which bridge the gap between man and machine, enabling us to accomplish new feats, enhance our abilities, and explore new possibilities. more

Company:
Y Combinator
Website:
http://ycombinator.com
Location:
Mountain View, California, United States

Y Combinator does seed funding for startups. Seed funding is the earliest stage of venture funding. It pays your expenses while you're getting started. Some companies may need no more than seed funding. Others will go through several rounds. There is no right answer; how much funding you need depends on the kind of company you start. At Y Combinator, our goal is to get you through the first phase. This usually... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media Inc. and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can... more



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