Butterfly Network

Handheld ultrasound device for veterinarians

Branford, Connecticut, United States

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About Butterfly Network

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. The device allows veterinarians to scan, upload, and securely store imaging studies in the Butterfly Cloud, enabling access from anywhere. Its military-grade durability makes it suitable for tough environments, setting it apart from competitors. The company's goal is to enhance veterinary care by providing reliable imaging solutions that improve diagnostic capabilities.

Branford, ConnecticutHeadquarters
2011Year Founded
$525MTotal Funding
IPOCompany Stage
HealthcareIndustries
201-500Employees

Benefits

Health, dental & vision insurance
Equity
401k
PTO
Flexible hybrid work
Parental leave
Home office stipend
Rewards & recognition program
LinkedIn Learning

Risks

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.

Differentiation

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.

Upsides

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.