#Canada #Toronto #Myant #Bitnobi

Myant's Strategic Acquisition of Bitnobi

In an impressive move to enhance its healthcare technology capabilities, Myant has officially announced its acquisition of Toronto-based Bitnobi Inc., a company recognized for its revolutionary approach to secure data sharing. This acquisition, the fourth in only six months for Myant, highlights the company's ambitious initiative to redefine healthcare management through innovative solutions.

Bitnobi, spun out from York University and supported by Toronto Innovation Acceleration Partners, excels in creating privacy-protected software for data sharing. Their platform enables seamless collaboration between data owners and healthcare consumers, crucial in today’s data-driven healthcare environment. With this acquisition, Myant aims to harness Bitnobi's cutting-edge technology to fill a significant gap in its strategy focusing on secure data sharing, which is pivotal for understanding individual health needs more accurately.

Tony Chahine, the founder and CEO of Myant, remarked on the significance of this acquisition, stating, "We are building a fiber-optic connection to the human body, which allows us to create a digital replica of individuals. Our goal is to connect with the human operating system—its rhythms, signals, and unique needs—to deliver proactive, personalized care that goes beyond traditional healthcare."

Elevating Data Sharing and Collaboration

The acquisition of Bitnobi significantly bolsters Myant's ability to responsibly share and utilize health data. Myant will not only share its proprietary data with researchers and clinicians but will also have secure access to data from third-party sources, all while adhering to strict governance protocols. This capability is set to unlock new avenues for research and collaboration, propelling both Canadian and international healthcare innovations forward. "With Bitnobi, we can create pathways for data sharing that respect privacy and stimulate healthcare innovation," Chahine explained further.

Proven Support and Shared Vision

Since its inception in 2016, Bitnobi has participated in substantial initiatives, including Canada's Digital Health and Discovery Platform aimed at overseeing digital health data securely. The integration of Bitnobi’s expertise in big data and cybersecurity with Myant’s innovative textile computing technologies is expected to amplify advancements in personalized healthcare solutions.

Hassan Jaferi, CEO of Bitnobi, expressed enthusiasm about the partnership, stating, "By joining forces with Myant, which has established a robust innovation hub in Toronto, we will accelerate breakthroughs in connected healthcare, further enhancing our collective impact in the industry."

Myant's Vision for Future Healthcare

This strategic acquisition is a clear indication of Myant's commitment to shaping a proactive and personalized healthcare landscape. By merging advanced materials with intelligent data-sharing, Myant is at the forefront of redefining health and aging, thus positioning itself as a leader in global innovation. Together, both companies are dedicated to a future where healthcare is not just responsive but is customizable and preventive, empowering individuals to enjoy longer, healthier lives.

About Myant

Myant leads a transformative phase where AI-embedded solutions enhance human capabilities via textile interfaces that behave like second skin. This second skin, crafted from advanced materials, integrates seamlessly into everyday life, establishing new benchmarks for interaction with the digital realm.

About Bitnobi

Bitnobi Inc., a Toronto-based startup, specializes in developing a platform that guarantees privacy in data sharing. Originating from research at York University and backed by various innovation partners, Bitnobi focuses on enabling secure digital health data management, supporting initiatives in precision medicine and significantly contributing to improving patient care across different health conditions.

For further details, visit Myant’s official website or reach out through provided communication channels.