#Canada #healthcare #Toronto #Myant #Bitnobi

Myant Accelerates Precision Healthcare with Bitnobi Acquisition

In a bold move to enhance its precision medicine capabilities, Myant has announced the acquisition of Toronto-based technology innovator, Bitnobi Inc. Known for its advanced materials and connected health solutions, Myant's latest acquisition marks a significant step in its mission to empower individuals with proactive, personalized health solutions.

Bitnobi, established with the help of Toronto Innovation Acceleration Partners, specializes in privacy-friendly software that facilitates secure data sharing. Its innovative platform allows for seamless collaboration between data owners and consumers without compromising raw data—a critical need in today's health landscape.

This acquisition is Myant's fourth in just six months. Each of these strategic moves has been aimed at bolstering their platform with new technologies, enhancing capabilities, and entering new markets. The integration of Bitnobi aligns perfectly with Myant's objective to offer effective health solutions that pave the way for individuals to live longer and healthier lives.

Addressing the Need for Secure Data Exchange

One of the key aspects of Myant's strategy is enhancing secure data exchange. The acquisition of Bitnobi fills a crucial gap within this strategy, allowing Myant to integrate Bitnobi's patented platform, thereby improving their ability to create a “digital human representation.” This innovative approach will personalize healthcare using insights derived from Myant's smart materials.

Tony Chahine, Myant's founder and CEO, highlighted the significance of this acquisition by stating that the company is building an equivalent to a fiber-optic connection to the human body. By connecting advanced materials, artificial intelligence, and sensors, Myant aims to understand and cater to the unique rhythms and requirements of the human body, facilitating proactive care that extends beyond traditional reactive measures.

Expanding Data Sharing Horizons

This acquisition not only enhances Myant's ability to share its data with researchers and clinicians but also allows for secure access to third-party data while adhering to governance protocols. This partnership will catalyze new collaborations for data sharing both across Canada and globally, fostering innovation within the healthcare sector.

Chahine stated, “Bitnobi enables us to create seamless, secure ways for data sharing that respect privacy while opening up new avenues for innovations in healthcare.”

A Proven Platform for the Future of Precision Medicine

Since its inception in 2016, Bitnobi has been at the forefront of initiatives like the Canadian Digital Health and Discovery Platform. By securely managing digital health data, Bitnobi is accelerating precision medicine, particularly in cancer treatment and other critical health issues. Joining forces with Myant will enhance Bitnobi's capabilities in big data, cloud computing, and cybersecurity, further driving Myant's innovation in fields such as textile computing and smart materials.

Hassan Jaferi, CEO of Bitnobi, emphasized the alignment of the two companies' missions. “Myant has established a global innovation center in Toronto, where over 200 scientists, engineers, and researchers are making groundbreaking advancements in connected health. By combining our strengths, we will amplify our impact and ensure that innovation continues to thrive in Canada's technology and health sectors.”

Redefining Healthcare's Future

The acquisition of Bitnobi underscores Myant's commitment to proactive, precise healthcare. Through the integration of cutting-edge materials, smart interfaces, and secure data exchange methods, Myant is not just redefining health and aging but also establishing itself as a global leader in health innovation.

Together, Myant and Bitnobi are shaping a future wherein healthcare is proactive, personalized, precise, and preventative, enabling individuals to lead healthier, longer, and more independent lives.

About Myant

Myant is pioneering a new era in health technology with AI guardians augmenting human capabilities through textile interfaces that act like a connected second skin. Enabled by breakthrough advanced materials, this second skin seamlessly integrates into daily life, setting a new standard for interaction with the digital world.

About Bitnobi

Bitnobi Inc. is a technology startup focused on commercializing a privacy-friendly platform for data sharing. Originating from research conducted in Dr. Marin Litoiu's lab at York University, Bitnobi is fully supported by Toronto Innovation Acceleration Partners and Innovation York. Headquartered in Toronto, Canada, the startup also receives backing from several notable institutions including the Natural Sciences and Engineering Research Council of Canada and the Canadian Digital Health and Discovery Platform.