Butterfly Network develops and commercializes handheld ultrasound imaging devices powered by proprietary Ultrasound-on-Chip™ semiconductor technology. The company manufactures portable, semiconductor-based ultrasound systems including Butterfly iQ+ and Butterfly iQ3, which enable point-of-care ultrasound (POCUS) imaging for diagnostic applications. The platform combines intelligent hardware, software, and AI-driven capabilities to democratize access to medical imaging globally.
Butterfly Network is publicly traded
This company is no longer available on our private secondary market. Shares can be traded publicly under its listed ticker.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2011
Employees
201–500
Total Funding
$525M
4 rounds
Latest Valuation
$1.5B
February 12, 2021
Total raised $525M across 4 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
PIPE (SPAC merger)
Date
February 12, 2021
Amount
$175M
Valuation
$1.5B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| February 12, 2021 | PIPE (SPAC merger) | $175M | $1.5B | Not disclosed |
| September 27, 2018 | Series D | $250M | $1.25B | Fidelity Management & Research Company |
| November 2, 2014 | Venture (Series A/B equivalent) | $100M | — | Not disclosed |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Valuation indexed to 1.0× at the selected entry round. Valuation marks are estimates and may contain errors. Hover each dot to compare.
Entry · Series D
$1.3B
Sep 2018
Butterfly Network today
$1.5B
Feb 2021 · latest mark
Butterfly Network multiple
1.2x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Joseph DeVivo
President, Chief Executive Officer & Chairman
Jonathan Rothberg
Founder & Independent Director
John Doherty
Chief Financial Officer
Victor Ku
Chief Technology Officer
Steve Cashman
Chief Business Officer
Competitor list is illustrative and may be incomplete, stale, or erroneous.
GE Healthcare
Provides Vscan Air portable ultrasound systems competing in point-of-care imaging market
Philips Healthcare
Offers Lumify portable ultrasound platform and other advanced imaging solutions
Clarius Medical
Manufactures portable handheld ultrasound devices including PAL HD3 systems
EchoNous
Provides Kosmos handheld ultrasound systems for point-of-care imaging
Mindray
Manufactures wireless handheld ultrasound devices including TE Air systems
Siemens Healthineers
Global medical device company offering advanced ultrasound imaging technologies
Butterfly Network completed its merger with Longview Acquisition Corp., a SPAC sponsored by Glenview Capital Management, on February 16, 2021. The combined company began trading on the NYSE under ticker symbol BFLY with an enterprise valuation of approximately $1.5 billion. The transaction provided the company with approximately $589 million in gross proceeds, including $414 million from Longview's trust account and $175 million from private placement investors.
Butterfly Network shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker to place an order.
Butterfly Network had a valuation of approximately $1.5B at the time of its public offering. Current market capitalization fluctuates with the share price.
Butterfly Network raised $525M across 4 disclosed funding rounds prior to its public listing.
Butterfly Network was founded by Jonathan Rothberg in 2011.
Butterfly Network is headquartered in Burlington, MA, United States.
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