BFLY

Butterfly Network, Inc. is a digital health company that has developed Butterfly iQ, a handheld whole-body ultrasound system using semiconductor technology instead of traditional piezoelectric crystals. The company's ultrasound-on-a-chip technology enables a portable, affordable device connecting to smartphones and tablets, making medical imaging more accessible across healthcare settings. Butterfly iQ can image multiple body systems from cardiac to musculoskeletal, with AI-powered features assisting users in image capture and interpretation. The company targets physicians, nurses, and other healthcare providers across hospitals, clinics, and emergency care settings, as well as veterinary and international markets. Founded in 2011 by Jonathan Rothberg and headquartered in Burlington, Massachusetts, Butterfly went public via SPAC merger in 2021. The company generates revenues through device sales and subscription services including cloud storage, AI features, and collaboration tools. Butterfly faces challenges including sales execution, market education, reimbursement considerations, and competition from established ultrasound manufacturers. The company continues to invest in product development, clinical evidence, and market expansion to fulfill its vision of democratizing medical imaging.