Myant, a global leader in advanced materials and connected health solutions, is proud to announce the acquisition of the Toronto-based technology innovator Bitnobi Inc. known. Bitnobi was spun out of York University with the support of Toronto Innovation Acceleration Partners (TIAP) and specializes in privacy-friendly software for data exchange. The company’s groundbreaking platform facilitates secure collaboration between data owners and consumers without compromising raw data – a critical capability in today’s healthcare landscape.
This is the fourth strategic acquisition by Myant within just six monthseach strengthening the platform with new technologies, capabilities and markets. Together, these steps bring Myant closer to its bold mission: empowering people through proactive, personalized and precise healthcare solutions to live younger, longer.
The acquisition of Bitnobi fills a critical gap in the third pillar of Myant’s strategy: secure data exchange. By integrating Bitnobi’s patented platform, Myant enhances its ability to create a “digital human likeness,” an innovative approach to personalizing healthcare through insights derived from its smart materials solution.
“Myant is building the equivalent of a fiber optic connection to the human body, enabling true digital replication,” said Tony Chahine, founder and CEO of Myant. “Our goal is to transform the human operating system – its rhythms, signals and unique needs – with advanced materials , artificial intelligence and sensing to enable proactive and preventative care. This acquisition strengthens our ability to provide precise and personalized support that goes beyond reactive healthcare.”
Pushing the boundaries of data sharing and collaboration
Through this acquisition, Myant expands its ability to share and use healthcare data responsibly and effectively. The company will not only be able to share its own data with researchers and clinicians, but also securely access third-party data while adhering to governance protocols.
The partnership will too new collaborations to share data across Canada and internationally to generate valuable health insights and promote innovation. “Bitnobi enables us to create seamless, secure ways to share data that respects privacy while opening new doors for innovation in healthcare,” Chahine continued.
A proven platform for the future of precision medicine
Since its founding in 2016, Bitnobi has supported significant initiatives including the Canadian Digital Health and Discovery Platform (DHDP). By securely managing digital health data, Bitnobi accelerates precision medicine for cancer and other diseases. As part of Myant, Bitnobi’s expertise in big data, cloud computing and cybersecurity will strengthen Myant’s innovation in textile computing, smart materials and data integration.
Hassan Jaferi, CEO of Bitnobi, emphasized the alignment of the two companies’ missions: “Myant has created a global innovation center in Toronto where more than 200 scientists, engineers and researchers are driving groundbreaking developments in connected health. Joining forces will strengthen our collective impact and ensure innovation in Canada’s technology and healthcare sectors continues to thrive.”
Shaping the future of healthcare
This acquisition underscores Myant’s commitment to proactive, precision healthcare. By integrating advanced materials, intelligent interfaces and secure data exchange, Myant is not only redefining health and aging, but also positioning itself as a global innovation leader.
Together, Myant and Bitnobi are shaping a future in which healthcare proactive, personalized, precise and preventive and enables people to live healthier, longer and more independent lives.
About Myant
Myant is leading a new era of development in which AI guardians augment human capabilities through textile interfaces that function like a connected second skin. Enabled by groundbreaking advanced materials, this second skin fits naturally into our everyday lives and sets a new standard for seamless interaction with the digital world.
About Bitnobi
Bitnobi Inc. is a technology startup focused on commercializing a privacy-friendly data sharing platform. Bitnobi is from the research of the laboratory of Dr. Marin Litoiu emerged from York University and is fully supported by Toronto Innovation Acceleration Partners and Innovation York. Headquartered in Toronto, Canada, Bitnobi has also been recognized by the Natural Sciences and Engineering Research Council of Canada, Ontario Centers of Innovation, Seneca College, National Research Council of Canada’s Industrial Research Assistance Program, Rogers Cybersecure Catalyst, MaRS Discovery District and the Canadian Digital Health and Discovery Platform supported.
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Charles Andreo
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