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About Butterfly Network
Industries
Enterprise Software
Healthcare
Company Size
201-500
Company Stage
IPO
Headquarters
Guilford, Connecticut
Founded
2011
Overview
Butterfly Network specializes in point-of-care ultrasound (POCUS) solutions, offering the Butterfly iQ, a handheld ultrasound device that simplifies the imaging process. This device is designed for healthcare practitioners in various settings, including hospitals and rural clinics, and is supported by a software platform that enhances its functionality with features like telehealth and image storage. Unlike competitors, Butterfly Network provides affordable, high-quality ultrasound imaging that can be used directly at the point of care, improving diagnostic efficiency. The company's goal is to increase access to essential medical imaging, particularly in underserved areas.
Simplify's Take
What believers are saying
- Expansion into Europe opens new revenue streams and increases global footprint.
- $75.6M cash injection supports accelerated product development and commercialization efforts.
- Partnership with UltraSight enhances diagnostic accuracy with real-time AI guidance.
What critics are saying
- Increased competition from AI-powered ultrasound solutions challenges market position.
- Expansion to Europe may face regulatory hurdles and market entry challenges.
- Dependency on third-party software like HeartFocus may affect product ecosystem control.
What makes Butterfly Network unique
- Butterfly Network offers the only single-probe, whole-body handheld ultrasound device.
- Their Ultrasound-on-Chip™ technology is patented and unique in the medical imaging sector.
- Butterfly iQ3 won the Best Medical Technology Award at the 2024 Prix Galien USA Awards.
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Funding
Total Funding
$1019.6M
Above
Industry Average
Funded Over
6 Rounds
Benefits
Health, dental & vision insurance
Equity
401k
PTO
Flexible hybrid work
Parental leave
Home office stipend
Rewards & recognition program
LinkedIn Learning
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -1%2 year growth
↓ -1%Medical imaging innovator Butterfly Network secures $75.6M through 24M share offering, earmarking funds for product development and commercialization initiatives.
Butterfly Network, Inc. ("Butterfly") (NYSE: BFLY), a digital health company transforming care through the power of portable, semiconductor-based ultrasound technology and intuitive software, today announced that Butterfly iQ3(TM), its third-generation handheld ultrasound device, was the recipient of the Best Medical Technology Award at the 2024 Prix Galien USA Awards by the Galien Foundation.
DESKi, an artificial intelligence (AI)-enabled heart echo software company, has launched its HeartFocus education app in partnership with Butterfly Network.
BORDEAUX, France-(BUSINESS WIRE)- HeartFocus, the revolutionary, AI-enabled heart echo software by data-driven medtech company, DESKi, is proud to announce the launch of the HeartFocus Education app in partnership with Butterfly Network, Inc., ("Butterfly") (NYSE: BFLY) a digital health company transforming care with portable, semiconductor-based ultrasound technology and intuitive software.
In collaboration with Butterfly Network, Inc. ("Butterfly") (NYSE: BFLY), KCU transformed its POCUS training curriculum by debuting a first-of-its-kind, hands-on POCUS elective in its 2024 curriculum.
Butterfly Network is Hiring for 13 Jobs on Simplify!
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About Butterfly Network
Industries
Enterprise Software
Healthcare
Company Size
201-500
Company Stage
IPO
Headquarters
Guilford, Connecticut
Founded
2011
Butterfly Network is Hiring for 13 Jobs on Simplify!
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Butterfly Network