Cortrium & Myant partnership/investment – Press release
Updated: Nov. 11th 2015
Myant & Co. (Myant Capital Partners), a Toronto-based wearable technology advancement group, and Copenhagen-based medtech company, Cortrium, have announced a partnership with a focus on joint technology development. With the partnership comes a seed investment of 1.5M EUR.
Myant & Co. develops and commercializes wearable technology. Focused on creating the world’s first complete smart textile network, Myant’s products range from fashion-forward apparel to chair cushions, mats, and bed sheets, designed to provide continuous and accurate self-monitoring for wellness, health, safety and social benefits. Platform users will receive actionable body insights based on the aggregated data stored in their personal and secure cloud.
Myant has currently developed textile that can distribute heat, emit light, deliver electro-therapy, measure cardiac information (heart rate, heart rate variability, ECG), skeletal muscle activity (EMG), brain activity (EEG), pressure and stretch (breathing, swelling, posture, body composition, gait). Partnering with Cortrium will add new health care related data insights to their ecosystem of connected textiles.
Cortrium is a digital health company focusing on creating wearable technology for medical use. Cortrium has developed a generic end-to-end solution for monitoring patients at hospitals and remotely at home. The solution relies on open technologies and novel business models to cut down costs in the healthcare sector. Besides the joint development effort, Cortrium will focus on medical regulatory compliance, clinical trials, health data analysis and approaching the European and North American market.
Cortrium has established its position on the market through early collaborations with departments of cardiology and oncology in the greater Copenhagen area. Cortrium has been supported by Bayer HealthCare’s ”Grant4Apps” accelerator program and ”Danish Tech Challenge”.
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