Butterfly Network Inc. (BFLY)

Overview

Butterfly Network, Inc., founded in 2011 and headquartered in Burlington, Massachusetts, is a pioneering company in the realm of medical imaging technology. The firm specializes in the development, manufacture, and global commercialization of advanced ultrasound imaging solutions. With a focus on innovation and accessibility, Butterfly Network aims to transform healthcare delivery through its cutting-edge products. By integrating sophisticated imaging devices with user-friendly digital platforms, the company empowers healthcare professionals across various specialties to provide better patient care, both in the United States and internationally.

Products and Services

• Butterfly iQ - A groundbreaking handheld and single-probe whole body ultrasound system, designed to make ultrasound imaging more accessible and convenient for healthcare providers.

This device epitomizes innovation by offering comprehensive imaging capabilities across a wide range of applications, all through a single probe connected to a smartphone or tablet. Its portability and ease of use make it an essential tool for quick and efficient patient assessments in various healthcare settings.

• Butterfly iQ+ and iQ3 - Next-generation ultrasound devices that uphold the promise of whole-body imaging through a single handheld probe, seamlessly integrating with clinical workflows.

These advanced versions of the Butterfly iQ enhance diagnostic accuracy and patient care by offering enhanced imaging capabilities and compatibility with not just mobile devices but almost any hospital computer system. Their versatility and improved imaging quality support a wide range of clinical applications from emergency medicine to chronic condition monitoring.

• Butterfly iQ+ Vet - A specialized handheld ultrasound system tailored for veterinary use, offering the same innovative single-probe, whole-body imaging technology adapted for animals.

Addressing the unique requirements of veterinary medicine, this device facilitates rapid and non-invasive diagnostics, promoting better animal care and treatment outcomes. Its ease of use and adaptability make it a valuable asset for veterinarians in diverse settings, from clinics to fieldwork.

• Butterfly System - A comprehensive ultrasound solution that combines probes, accessories, and software subscriptions designed to integrate with healthcare systems, aiding physicians and healthcare providers in delivering superior care.

This solution offers a cohesive ecosystem for ultrasound imaging, including advanced data management and analysis capabilities through a cloud-based platform. By facilitating seamless integration with existing healthcare infrastructures, it enhances diagnostic workflows and patient management processes.

• Butterfly Academy - An innovative education and training platform offering in-app tutorials, teleguidance, and formal education programs to empower healthcare professionals with the knowledge and skills to effectively use ultrasound technology in clinical practice.

Through a blend of interactive content, real-time support, and comprehensive educational materials, Butterfly Academy promotes proficiency and confidence among users, contributing to better patient outcomes and advancing the overall quality of healthcare.

• ScanLab - An education-focused app providing written walkthroughs and reference imagery to enhance hands-on ultrasound scanning skills through guided practice.

Designed as an educational tool, ScanLab complements formal training with practical experience, offering users a valuable resource for developing their ultrasound imaging capabilities. Its in-depth guidance and reference materials aid in honing diagnostic techniques, further enriching the learning experience.