Myant Expands Precision Healthcare with Acquisition of Bitnobi Inc.

In a significant move aimed at accelerating innovation in precision healthcare, Myant, a global frontrunner in advanced materials and connected health solutions, has announced its acquisition of Bitnobi Inc., a Toronto-based technology innovator. Established from research at York University and supported by Toronto Innovation Acceleration Partners (TIAP), Bitnobi specializes in privacy-protected data-sharing software that plays a pivotal role in today's healthcare landscape.

This transaction marks Myant's fourth strategic acquisition in just half a year, each one enhancing its platform with groundbreaking technologies and opening new markets. The integration of Bitnobi aligns perfectly with Myant's ambitious mission: to enable individuals to live younger for longer through proactive, personalized, and precise healthcare solutions.

Addressing Data Sharing in Healthcare

The acquisition of Bitnobi fills a crucial gap in Myant’s three-pillared strategy focused on secure data sharing. By incorporating Bitnobi's patented platform, Myant is strengthening its ability to create what it calls a "digital twin" of humans—an innovative approach that personalizes healthcare based on insights derived from its smart hardware solutions.

Tony Chahine, the founder and CEO of Myant, remarked, "Myant is building the equivalent of a fiber-optic connection to the human body, allowing for a true digital replica. Our aim is to connect the human operating system—its rhythms, signals, and unique needs—using advanced materials, AI, and detection to deliver proactive and preventive care. This acquisition amplifies our capability to provide precise and personalized support that transcends reactive healthcare."

Enhancing Data Collaboration and Innovation

With this acquisition, Myant reinforces its capacity to share and utilize health data responsibly and effectively. The company will not only provide private data access to researchers and clinicians but will also securely tap into third-party data while adhering to governance protocols. This development is set to foster valuable data-sharing collaborations across Canada and internationally, encouraging insights into health and innovation. Chahine adds, "Bitnobi enables us to create smooth and secure pathways for privacy-respecting data sharing while opening new doors to healthcare innovation."

A Proven Platform for the Future of Precision Healthcare

Since its inception in 2016, Bitnobi has backed significant initiatives, including Canada's Digital Hospital Discovery Platform (DHDP). By ensuring secure management of digital health data, Bitnobi accelerates precision medicine for cancer and other conditions. Within Myant, Bitnobi’s expertise in big data, cloud computing, and cybersecurity is anticipated to enhance innovations in textile computing, smart materials, and data integration efforts.

Hassan Jaferi, CEO of Bitnobi, emphasized the compatibility of their missions: "Myant has established a global innovation hub in Toronto, comprising over 200 scientists, engineers, and researchers making breakthroughs in connected health. By joining forces, we will amplify our combined impact, ensuring that innovation in technology and healthcare sectors in Canada continues to thrive."

Shaping the Future of Healthcare

This acquisition emphasizes Myant’s commitment to proactive and precision healthcare. By integrating advanced materials, intelligent interfaces, and secure data-sharing capabilities, Myant not only redefines health and aging but also positions itself as a global leader in innovation.

Together, Myant and Bitnobi are crafting a future where healthcare is proactive, personalized, precise, and preventive—allowing individuals to lead healthier, longer, and more independent lives.

About Myant

Myant is at the forefront of a new evolution era where AI caretakers enhance human capabilities through textile interfaces that function like a second connected skin. This second skin, made possible by revolutionary advanced materials, seamlessly blends into our daily lives, setting a new standard for transparent interaction with the digital world.

About Bitnobi

Bitnobi Inc. is a technology startup focused on commercializing a privacy-protected data-sharing platform. Originating from research in Dr. Marin Litoiu's lab at York University, it has received substantial support from TIAP, Innovation York, and various Canadian innovation bodies.

For more information, contact Charles Andreo at [email protected] or visit www.myant.ca.