Butterfly Network (BFLY) is a publicly traded Imaging & Diagnostics AI company founded in 2011 and based in Burlington, United States.
| Date | Stage | Amount | Valuation | Lead investors |
|---|---|---|---|---|
| Feb 16, 2021 | IPO | $175M | $1.5B | — |
| Sep 27, 2018 | Series D | $250M | $1.3B |
| Fidelity Investments |
| Nov 3, 2014 | Undisclosed | $100M | — | — |
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Butterfly iQ3 is the company's latest handheld, single-probe, whole-body point-of-care ultrasound device. It features the sharpest image quality yet with rapid data processing, advanced AI tools, and Biplane Imaging that lets clinicians see both short and long axes of a needle in real-time during guided procedures. The device offers cardiac output calculation for fluid responsiveness assessment and is built on Ultrasound-on-Chip semiconductor technology. Designed for ease of use across multiple care settings including hospitals, clinics, and pre-hospital environments, it won the 2024 Prix Galien USA Award for Best Medical Technology.
Butterfly iQ+ is the second-generation handheld, single-probe whole-body ultrasound system built on Butterfly's Ultrasound-on-Chip semiconductor platform. It offers 15% faster frame rates and 60% faster pulse repetition frequency compared to the original iQ, along with Needle Viz technology for improved needle guidance, longer battery life, and enhanced durability. The device supports over 20 clinical presets for imaging the heart, lungs, abdomen, and more. It connects to iOS and Android devices and is designed for point-of-care use by healthcare providers to make rapid, informed decisions at the bedside.
Butterfly's software platform powers all of its ultrasound devices with AI guidance tools, cloud-based image management, and a software development kit (SDK) for enterprise integrations. The platform includes features like automated guidance for novice users, image acquisition protocols, and remote proctoring capabilities. Through the Butterfly Garden educational ecosystem, clinicians can access training content. The cloud platform enables secure image storage, sharing, and tele-ultrasound consultations, making it a comprehensive solution beyond just hardware for healthcare organizations.
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