Cashman joins the Burlington, Massachusetts-based company following this year’s rollout of the company’s next-generation handheld ultrasound. His arrival comes on the heels of record-setting revenues at the company as well, according to a news release. Cashman joins the company’s executive management team, overseeing global sales, marketing, product and corporate strategy.

Most recently, Cashman served as president and CEO of Caption Health. There, he led the company through the development and commercialization of the industry’s first AI-powered ultrasound problem. Butterfly Network and Caption Health collaborated on AI-powered handheld ultrasound back in 2021.

His time at the helm also led to GE HealthCare’s acquisition of Caption Health last year.

Before Caption Health, Cashman spent time as chief commercial officer at InTouch Health through its acquisition by Teladoc. He also served as CEO of HealthSpot, a telehealth company acquired by Rite Aid.

Cashman said he believes Butterfly “has what it takes to drive the industry forward” with its handheld ultrasound technology. He said he aims to bring a fresh, values-driven mindset and customer-first approach.

“The addition of Steve Cashman to our management team is another key marker of an outstanding 2024 for Butterfly,” said Joseph DeVivo, president, CEO, and chair of Butterfly Network. “Steve joins us with profound knowledge of the ultrasound market, deep connection in the artificial intelligence space, and a thorough understanding of Butterfly’s technology.

“I’ve witnessed Steve’s strategic acumen and capacity for driving growth and innovation firsthand, and I’m beyond confident that he will be a major asset to us as we continue to enhance our commercial activities and deliver on our product roadmap.”