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About Butterfly Network
Industries
Healthcare
Company Size
201-500
Company Stage
IPO
Headquarters
Branford, Connecticut
Founded
2011
Overview
Butterfly Network offers a handheld ultrasound device called Butterfly iQ Vet, which provides high-quality imaging for various animals and is compatible with Android and iOS devices. Veterinarians can scan, upload, and store imaging studies in the Butterfly Cloud, allowing for easy access and review from anywhere. The device is designed to be durable, with military-grade resistance to drops, shocks, dust, and water, making it suitable for various veterinary settings. The company's goal is to enhance veterinary diagnostics and animal care while creating a loyal customer base through its dual revenue model of device sales and membership fees.
Simplify's Take
What believers are saying
- AI integration enhances diagnostic accuracy and efficiency in veterinary imaging.
- Expansion into Europe opens new revenue streams and market presence.
- Winning the 2024 Prix Galien USA Award boosts reputation and credibility.
What critics are saying
- Increased competition from AI-powered ultrasound devices could impact market share.
- Expansion to Europe may face regulatory challenges and market entry barriers.
- Reliance on partnerships for AI software integration poses potential risks.
What makes Butterfly Network unique
- Butterfly Network offers the first handheld, single-probe whole-body ultrasound system.
- The Butterfly iQ Vet device is compatible with both Android and iOS devices.
- Butterfly's Ultrasound-on-Chip™ technology is a patented innovation in medical imaging.
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Funding
Total Funding
$525M
Above
Industry Average
Funded Over
0 Rounds
Benefits
Health, dental & vision insurance
Equity
401k
PTO
Flexible hybrid work
Parental leave
Home office stipend
Rewards & recognition program
LinkedIn Learning
Company News
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 expands its next-generation Butterfly iQ3(TM) to Europe.
Butterfly Network is Hiring for 8 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Butterfly Network
Industries
Healthcare
Company Size
201-500
Company Stage
IPO
Headquarters
Branford, Connecticut
Founded
2011
Butterfly Network is Hiring for 8 Jobs on Simplify!
Find jobs on Simplify and start your career today