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North

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A pioneer in human computer interfaces and smart glasses

Kitchener, CanadaFounded 2012Fashion
Valuation $100–500M Latest valuation · 2016
Headcount <100 Current team size
Total funding $100–500M Disclosed equity funding
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About North

North, initially established as Thalmic Labs in 2012, was a Canadian technology firm that pivoted to the ambitious augmented reality market. The company was the brainchild of three University of Waterloo Mechatronics Engineering graduates: Stephen Lake, Matthew Bailey, and Aaron Grant. Their journey began with a shared vision to redefine human-computer interaction, which first materialized as the Myo armband, a gesture and motion-control device that reads muscle activity. This initial product, launched after the founders gained early support from the Velocity Garage incubator and Y Combinator, showcased their engineering prowess and drew significant investor interest, including a notable $120 million Series B funding round co-led by the Amazon Alexa Fund and Intel Capital.

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Sensing a greater opportunity in wearable computing, the founders shifted focus, rebranding to North and acquiring over 230 patents from Intel's discontinued Vaunt smart glasses project. This strategic move set the stage for their flagship product, Focals by North, custom-built smart glasses designed to seamlessly integrate technology into daily life with an emphasis on style. Unlike previous smart glasses, Focals were designed to look like conventional eyewear, projecting information visible only to the wearer. The product's business model was direct-to-consumer, requiring a personalized 3D face scan and fitting process at one of their exclusive showrooms in Toronto or Brooklyn, or at various pop-up locations. This high-touch sales approach underscored the company's commitment to a custom-fit user experience.

Focals operated as an extension of a smartphone, connecting via Bluetooth to a companion app. They delivered discreet, glanceable notifications such as messages, turn-by-turn directions, and calendar alerts directly onto the user's retina via a small holographic projector. Interaction was managed through a subtle, four-directional joystick on a ring called the Loop, and the glasses also featured built-in Amazon Alexa for voice commands. Despite a warm reception for its design, the product faced challenges, including a complex fitting process and a display that some found imperfect. The initial price of $999 was later reduced to $600. In June 2020, before the release of a planned Focals 2.0, North was acquired by Google for an estimated $180 million, with the team joining Google's hardware division in Kitchener-Waterloo to contribute to its ambient computing efforts. Following the acquisition, support for Focals 1.0 was discontinued.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2012
Headquarters
Kitchener, Canada
Employees
21
Open positions
None listed
Dealroom signal
64.1/100
Industry
Fashion, Consumer Electronics
Sector
Fashion, Consumer Goods, Consumer Electronics, Smart Glasses, Optical Technology, Immersive Technologies, Spinout, Wearable, YC W13, DT and LS, science-based
Technology
IoT InternetOfThings
Business model
Manufacturing

Latest news

Press, funding announcements and product moves mentioning North.

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Funding history

10 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONOther financing Jun 2020 $180M Alphabet | Google
DEBTDebt Mar 2019 $40M Amazon · Intel Corporation · Fidelity Investments
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Growth signals

North website traffic

Latest recorded traffic for North is 5.6K monthly website visits, down 39.8% over the last three months. North's team grew 0% over the past year.

Latest monthly visits5.6K 3-month web change-39.8% 1-year team growth0%
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Similar companies

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Investors

28 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed9 investors entered at this stage

  • Creative Destruction Lab
  • Velocity
  • Daniel Debow
  • David Ossip
  • Mike McCauley
  • Lee Lau
  • Paul Tsaparis
  • Y Combinator
  • Innovation, Science and Economic Development Canada

Series A13 investors entered at this stage

Series B and later3 investors entered at this stage

Other known investors3 additional known investors

Team profiled 30 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇨🇦 Canada · Kitchener HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about North on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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