From its heady unicorn days to being newly public to its current financial struggles, the portable ultrasound-on-a-chip company has seen it all. Now, its latest CEO has his work cut out for him. A return to revenue growth is what Joseph DeVivo is promising this year.
Butterfly Network announced a product co-development deal with surgical robotics startup Mendaera, in which the startup will build custom robotics around Butterfly’s ultrasound-on-a-chip technology to create a new system designed for better surgical precision and consistency. Both partners expect to complete the product’s FDA submission by 2025.
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Butterfly Network recently launched an AI tool that can provide medical practitioners with an accurate B-line count from just a six-second lung ultrasound clip. By automatically counting B-lines in a lung image, the tool helps doctors quickly identify and assess a patient's lung issues at the point of care.
With a window into human body in real-time, next generation of ultrasound devices thwarts challenges of economic efficiency, geographic limits to care and ineffective training.
A study from the New England Journal of Medicine found that AI coupled with Butterfly iQ, a handheld ultrasound device, can assess fetal gestational age as accurately as a trained sonographer with expensive, bulky equipment; the findings have implications for democratizing obstetric ultrasounds.
As of late October, healthcare's newest unicorn - Butterfly Network - has begun shipping its ultrasound-on-a-chip system that a senior executive believes will alter the field of ultrasound forever.
The ongoing nursing shortage facilitates high turnover rates since nurses know they won’t have difficulties finding new jobs. In order to retain and attract staff, it’s in a facility’s best interest to understand what nurses want.
In 2018 alone, ten companies have inked mega-deals of more than $100 million including Livongo, 23andMe and American Well.
The portable ultrasound company raised a $250 million Series D financing round led by financial services Fidelity at a $1.25 billion valuation.
Butterfly Network previewed its Tele-Guidance technology at the American Institute of Ultrasound in Medicine (AIUM) Convention in New York City.
Dr. Jonathan Rothberg, founder and chairman of Butterfly Network, predicted the device's impact would be not unlike the milestone development of camera phones.
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