Myant Accelerates Precision Healthcare with Bitnobi Acquisition
Deal News | Jan 17, 2025 | PR Newswire Cision Myant Corp.
Myant, a leader in advanced materials and connected health solutions, has announced its acquisition of Bitnobi Inc., a Toronto-based privacy-protected data-sharing platform. Born out of York University with support from Toronto Innovation Acceleration Partners, Bitnobi specializes in secure, privacy-centric data sharing solutions, crucial in modern healthcare. This acquisition marks Myant's fourth strategic investment in half a year, significantly strengthening its health tech platform with new technologies and capabilities. Myant’s platform aims to create a “digital replica of the human,” pushing forward the personalization in healthcare through Smart materials and AI. Bitnobi’s acquisition aligns with Myant’s goal to offer proactive, personalized healthcare by integrating their platform with Myant’s infrastructure, thereby enhancing its ability to securely share health data. This move will provide Myant with comprehensive capabilities to manage health data responsibly, spearheading new collaborations within Canada and internationally. Bitnobi, with its roots in significant Canadian healthcare data initiatives, will amplify Myant’s innovation in smart materials and digital health integration. This acquisition aligns with Myant's futuristic goal of redefining health and aging with proactive, personalized healthcare solutions.
Sectors
- Healthcare Technology
- Technology
Geography
- Canada – Both Myant and Bitnobi are based in Toronto, Canada, which is also the focus of the discussed acquisition and collaboration efforts.
Industry
- Healthcare Technology – The article discusses the acquisition of Bitnobi, a company specializing in privacy-protected data-sharing solutions within the healthcare sector, by Myant, known for its connected health innovations.
- Technology – Bitnobi operates in the technology sector, offering a revolutionary data-sharing platform, crucial for modern technological applications in various fields, including healthcare.
Financials
Participants
Name | Role | Type | Description |
---|---|---|---|
Myant | Buyer | Company | A leader in advanced materials and connected health solutions, focused on creating a digital and proactive approach to healthcare. |
Bitnobi Inc. | Target Company | Company | A Toronto-based tech startup specializing in privacy-protected data-sharing, with roots in York University and supported by Toronto Innovation Acceleration Partners. |
Tony Chahine | CEO of Myant | Person | Founder and CEO of Myant, leading the company’s strategic advancements in connected healthcare solutions. |
Hassan Jaferi | CEO of Bitnobi | Person | CEO of Bitnobi, overseeing the company’s innovative data-sharing platform and its integration into Myant. |
Toronto Innovation Acceleration Partners (TIAP) | Supporter | Company | An organization that supported Bitnobi’s initial development, facilitating innovation within the Toronto tech space. |