About Butterfly Network
Butterfly Network is a company based in Guilford (United States) founded in 2011.. Butterfly Network has raised $350 million across 3 funding rounds from investors including Fidelity Investments, Leland Stanford Junior University and Fosun. The company has 190 employees as of December 31, 2024. Butterfly Network operates in a competitive market with competitors including Exo, Zonare Medical Systems, SonoSite, Bay Labs and ThinkSono, among others.
- Headquarter Guilford, United States
- Employees 190 as on 31 Dec, 2024
- Stage Public
-
Sectors
Healthcare
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Butterfly Network, Inc.
-
Annual Revenue
$82.06 M24.52as on Dec 31, 2024
-
Net Profit
$-72.49 M45.78as on Dec 31, 2024
-
EBITDA
$-60 M48.66as on Dec 31, 2024
-
Total Equity Funding
$350 M (USD)
in 3 rounds
-
Latest Funding Round
$5 M (USD), Grant
Mar 09, 2022
-
Investors
Fidelity Investments
& 6 more
-
Employee Count
190
as on Dec 31, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
IPO & Listings of Butterfly Network
Butterfly Network is a publicly listed company on the NYSE with ticker symbol BFLY in USA, operating in the Health technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Unlock access to complete
Unlock access to complete
Leadership Team
26 people
Software Development Team
21 people
Sales and Marketing
15 people
Senior Team
10 people
Principal Team
7 people
Finance and Accounting
5 people
Operations Team
4 people
Product Management Team
3 people
Unlock access to complete
Funding Insights of Butterfly Network
Butterfly Network has successfully raised a total of $350M across 3 strategic funding rounds. The most recent funding activity was a Grant round of $5 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Grant — $5.0M
-
First Round
First Round
(02 Nov 2014)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Grant - Butterfly Network | Valuation |
investors |
|
| Sep, 2018 | Amount | Series D - Butterfly Network | Valuation | Fidelity Investments | |
| Nov, 2014 | Amount | Series C - Butterfly Network | Valuation | Leland Stanford Junior University , Aeris Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Butterfly Network
Butterfly Network has secured backing from 7 investors, including institutional and angel investors. Prominent investors backing the company include Fidelity Investments, Leland Stanford Junior University and Fosun. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Charitable foundation investments on poverty reduction and healthcare
|
Founded Year | Domain | Location | |
|
Provider of brokerage accounts, retirement planning, wealth management, and trading platforms
|
Founded Year | Domain | Location | |
|
Diversified investment, asset management, and insurance services are offered globally.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Butterfly Network
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Butterfly Network
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Butterfly Network Comparisons
Competitors of Butterfly Network
Butterfly Network operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Exo, Zonare Medical Systems, SonoSite, Bay Labs and ThinkSono, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Ultrasound images are analyzed via AI-based software provided by Exo.
|
|
| domain | founded_year | HQ Location |
Portable ultrasound systems are developed and provided for medical use.
|
|
| domain | founded_year | HQ Location |
Hand-carried ultrasound systems for medical specialties are developed and distributed.
|
|
| domain | founded_year | HQ Location |
Deep learning-based imaging diagnostics for heart diseases are developed.
|
|
| domain | founded_year | HQ Location |
Deep vein thrombosis is diagnosed via ultrasound software.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Butterfly Network
Frequently Asked Questions about Butterfly Network
When was Butterfly Network founded?
Butterfly Network was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Where is Butterfly Network located?
Butterfly Network is headquartered in Guilford, United States. It is registered at Guilford, Connecticut, United States.
Is Butterfly Network a funded company?
Butterfly Network is a funded company, having raised a total of $350M across 3 funding rounds to date. The company's 1st funding round was a Series C of $100M, raised on Nov 02, 2014.
How many employees does Butterfly Network have?
As of Dec 31, 2024, the latest employee count at Butterfly Network is 190.
What is the annual revenue of Butterfly Network?
Annual revenue of Butterfly Network is $82.06M as on Dec 31, 2024.
What does Butterfly Network do?
Butterfly Network was founded in 2011 in Guilford, United States, within the medical technology sector. Portable ultrasound systems are produced for external imaging applications. A single-probe, handheld device powered by Ultrasound-on-Chip technology is utilized across clinical areas such as procedural guidance, obstetrics, cardiology, vascular assessment, urology, and ophthalmology. Operations focus on accessible diagnostic tools for healthcare providers globally.
Who are the top competitors of Butterfly Network?
Butterfly Network's top competitors include Exo, TechsoMed and Zonare Medical Systems.
Is Butterfly Network publicly traded?
Yes, Butterfly Network is publicly traded on NYSE under the ticker symbol BFLY.
Who are Butterfly Network's investors?
Butterfly Network has 7 investors. Key investors include Fidelity Investments, Leland Stanford Junior University, Fosun, Gates Foundation, and Jamie Dinan.
What is Butterfly Network's ticker symbol?
The ticker symbol of Butterfly Network is BFLY on NYSE.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.