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
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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- Legal Name Butterfly Network, Inc.
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Annual Revenue
$82.06 M (USD)24.52as on Dec 31, 2024
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Net Profit
-$72.49 M (USD)45.78as on Dec 31, 2024
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EBITDA
-$60 M (USD)48.66as on Dec 31, 2024
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Total Equity Funding
$350 M (USD)
in 3 rounds
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Latest Funding Round
$5 M (USD), Grant
Mar 09, 2022
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Investors
Fidelity Investments
& 6 more
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Employee Count
190
as on Dec 31, 2024
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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.
People of Butterfly Network
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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
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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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Charitable foundation investments on poverty reduction and healthcare
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Provider of brokerage accounts, retirement planning, wealth management, and trading platforms
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Diversified investment, asset management, and insurance services are offered globally.
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Investor details for Butterfly Network
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Investments & Acquisitions by Butterfly Network
Investment portfolio details for Butterfly Network
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Financial Statements - Butterfly Network
Detailed financials for Butterfly Network
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Butterfly Network Comparisons
Peer comparison for Butterfly Network
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Ultrasound images are analyzed via AI-based software provided by Exo.
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Portable ultrasound systems are developed and provided for medical use.
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Hand-carried ultrasound systems for medical specialties are developed and distributed.
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Deep learning-based imaging diagnostics for heart diseases are developed.
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Deep vein thrombosis is diagnosed via ultrasound software.
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Detailed competitors of Butterfly Network
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Latest news on Butterfly Network
Complete news archive for Butterfly Network
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Frequently Asked Questions about Butterfly Network
Butterfly Network was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Butterfly Network is headquartered in Guilford, United States. It is registered at Guilford, Connecticut, United States.
Butterfly Network is a funded company, having raised a total of $350M across 3 funding rounds to date.
As of Dec 31, 2024, the latest employee count at Butterfly Network is 190.
Annual revenue of Butterfly Network is $82.06M as on Dec 31, 2024.
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.
Butterfly Network's top competitors include Exo, TechsoMed and Zonare Medical Systems.
Yes, Butterfly Network is publicly traded on NYSE under the ticker symbol BFLY.
Butterfly Network has 7 investors. Key investors include Fidelity Investments, Leland Stanford Junior University, Fosun, Gates Foundation, and Jamie Dinan.
The ticker symbol of Butterfly Network is BFLY on NYSE.