Butterfly Network Inc. went public through a merger with a Special Purpose Acquisition Company (SPAC) called Longview Acquisition Corp. The deal valued the company at $1.5 billion. Butterfly Network, which is backed by the Bill and Melinda Gates Foundation, has created a pocket-sized ultrasound device that can plug into a smartphone. The company’s mission is to democratize medical imaging by delivering a portable, affordable, and accessible solution to practitioners around the globe. The company is listed on the New York Stock Exchange under the ticker symbol BFLY.
Using AI to make healthcare more affordable and accessible, Butterfly Network provides a handheld medical diagnostic device that connects with a user’s smartphone. This device, powered by Butterfly iQ, allows an ultrasound examination of the entire body, at a far lower cost than legacy systems. This is especially helpful for underserved communities where health care resources are scarce.