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Butterfly Network
Medical imaging company
- 201-500 employees
- Healthcare
- B2B
- Enterprise
- Marketplace
- MedTech
- Burlington, MA
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Company mission
To democratize healthcare by making medical imaging accessible to everyone around the world.
Our take
Ultrasound machines are invaluable tools for clinicians, but these setups remain inaccessible to many. This is due to existing machines relying on quartz-powered transducers and other specialized components, resulting in a very large size and an expensive price tag.
Butterfly Network builds innovative, inexpensive, and compact ultrasound technology in order to increase access to clinics across the U.S. The device is around the same size as an electric razor, a design made possible by storing the ultrasound technology on a chip as opposed to a semi-conductor.
Whilst the company has not innovated the ultrasound process itself, Butterfly Network has found a unique gap in the market by providing inexpensive and easy-to-use access to the many clinics that could benefit from having an ultrasound machine. The device is available for under $2,000, but software designed for easy access and interpretation of ultrasound imagery comes at an additional monthly cost.
The company has also launched its very own AI marketplace called ''Butterfly Garden'' where medical device companies, virtual care companies, and AI developers can access Butterfly's software development kit. This will enable them to build new applications that reach Butterfly's prominent installed base.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Parental Leave - for eligible employees, we provide a generous 10-week parental leave and additional 6-8 weeks pregnancy-related leave for birthing parents
- Fully covered medical insurance plan (with dental & vision) - as a health-tech company, we place great worth on our teams’ well-being
- Unlimited Paid Time Off + 15 Holiday Days a Year - recharge and come back ready to make an impact
- 401k plan and match - we facilitate your retirement goals
- Competitive salaried compensation - we value our employees and show it
- Equity - we want every employee to be a stakeholder
- The opportunity to build a revolutionary healthcare product and save millions of lives!
Funding (last 2 of 3 rounds)
Mar 2022
$5m
GRANT
Sep 2018
$250m
SERIES D
Total funding: $355m
This company has top investors
Leadership
Jonathan Rothberg
(Chairman & Product Architect)They studied at Carnegie Mellon before a Ph.D. at Yale and founding CuraGen Corporation, 454 Life Sciences, Clarifi, and RainDance, and Ion Torrent. In January 2011 they used this medical and entrepreneurial experience to found Butterfly Network.
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