NEW YORK--(BUSINESS WIRE)--MyndYou and Mizuho Information & Research Institute (MHIR) have entered into a partnership agreement to conduct a joint PoC in the Japanese Market to improve quality of life and prolong independence of senior adults. The companies aim to commercialize the service by the end of FY2019.
MHIR will leverage MyndYou’s Artificial Intelligence (AI) platform, which passively detects changes in cognitive function of individuals through voice. The platform then delivers actionable insights to care providers. MyndYou’s full solution allows for detection of changes in cognitive function through passive tracking of voice and additional parameters such as walking, driving and daily activities.
This partnership is announced on the heels of MyndYou’s Seed financing round, led by Howard L. Morgan, with participation by Amplifyher Ventures, Female Founders Fund and additional investors. MyndYou’s Seed round brings its financing to-date to $2.1 Million.
The company entered the US market last year and is expanding services to Physician Practices, ACOs, Home Health Companies and Rehabilitation Companies.
“As a growing NY-based company with proprietary technology developed in Tel Aviv, we have partnered with MHIR to further the global potential for MyndYou,” says Ruth Polikaine, CEO of MyndYou. “Now, the senior adult population in Japan will have access to a technology that can not only reduce readmission rates, but also prolong their independence, while providing them with personalized, data-driven remote care.”
“The number of dementia patients in Japan has reached 4.62 million and
is expected to increase even further to seven million, which equals to
one in five seniors over 65, in 2025. The disease has become an
important problem not only for the medical field but also for the entire
Japanese society※1. As in many cases, individuals with
dementia receive the diagnosis only after the symptoms have progressed.
Making a diagnosis and providing adequate care in the early stage is
necessary.” says Hitoshi Morio, Joint General Manager, Innovation &
Strategy Division, Mizuho Information & Research.
“However, the number of opportunities to grasp changes in cognitive function in the early stage has declined with the increase of single- person households and the decrease of chances to interact with others. We see a big opportunity to change that through the partnership with MyndYou.”
※1 ”White Paper on Aging Society/ 2016” by the Cabinet of Japan
With IT as its core technology, Mizuho Information & Research Institute, Inc. (MHIR) is a professional organization with approximately 4,700 employees that provides assistance to corporations in increasing their corporate value through consulting, system integration and outsourcing services. Our consulting services provide high-quality solutions to customers, with experts in four distinct fields looking one step into the future: socioeconomics, telecommunications, environmental energy and science.
MHIR is one of core group companies of Mizuho Financial Group.
The MyndYou artificial intelligence (AI) platform was designed to revolutionize cognitive-driven care. Through groundbreaking analytics of speech and day-to-day activity patterns of older adults collected through remote care sessions and a seamless monitoring app, MyndYou detects subtle changes in cognitive functioning that activates care adjustments and timely interventions. With passive and continuous monitoring, AI-driven actionable insights, and seamless integration into today’s care methods, MyndYou empowers clinicians to deliver personalized care that revolutionizes patient engagement, reduces healthcare costs, and improves quality of life.