Mendaera announced its handheld robot for needle-based procedures is now available to pair with Butterfly Network’s (NYSE:BFLY) portable, chip-based ultrasound probe, following the companies’ long-running collaboration. The Focalist robotic image-guided system assists clinicians in aiming to place IV lines, deliver nerve blocks or otherwise access organs and vasculature without additional specialized training. After FDA clearance in July […]
Butterfly Network
Butterfly Network wins FDA clearance for gestational age AI ultrasound tool
Butterfly Network (NYSE:BFLY) announced that it received FDA clearance for a fully automated gestational age (GA) tool for its handheld ultrasound. Burlington, Massachusetts–based Butterfly develops a single-probe, whole-body ultrasound system with seamless AI integration. Now, it can accurately assess GA to improve pregnancy care. This can address significant gaps in populations that lack hospital obstetric […]
Butterfly Network launches next-gen AI ultrasound software
Butterfly Network (NYSE:BFLY) announced today that it launched Compass AI, the latest generation of its enterprise software platform. The company designed the AI-powered platform to reduce workflow friction and support scalable, revenue-ready point-of-care ultrasound (POCUS) programs for health systems. Burlington, Massachusetts–based Butterfly develops a single-probe, whole-body ultrasound system with seamless AI integration. Butterfly offers the latest-generation, […]
Butterfly Network appoints new chief technology officer
Butterfly Network (NYSE:BFLY) announced today that it appointed Victor Ku as its SVP and chief technology officer (CTO). Ku’s appointment goes into effect later this month. His responsibilities include leading Butterfly’s global technology strategy, product development and innovation roadmap. Burlington, Massachusetts–based Butterfly Network develops a single-probe, whole-body ultrasound system with seamless AI integration. Butterfly offers […]
HeartFocus launches first clinical product in the U.S. on Butterfly Network handheld ultrasound
HeartFocus announced today that it began the U.S. commercial launch for its AI-enabled cardiac imaging software on Butterfly Network devices. DESKi developed the HeartFocus software, earning FDA clearance in April. Now, it’s launching the software on Butterfly Network’s handheld ultrasound devices. The software enables any healthcare professional to conduct diagnostic-quality heart ultrasounds after just hours […]
Cardiosense hires Dr. John Martin as chief medical officer
Cardiosense has hired Dr. John Martin as EVP and chief medical officer, the Chicago-based cardiac monitoring tech developer said. Martin is a practicing vascular surgeon and former chief medical officer at Butterfly Network. He said he’ll continue working with the portable ultrasound developer as CMO emeritus. “I’m the longest running executive at Butterfly,” Martin said […]
Butterfly Network advances AI for aortic valve screening
Butterfly Network (NYSE:BFLY) today announced its role in new research utilizing AI and machine learning (ML) to detect aortic stenosis (AS). The study demonstrated ML models’ potential to support early AS detection using handheld ultrasound devices. Investigators at Tufts Medical Center conducted the study and published findings in European Heart Journal – Imaging Methods and […]
Medtech M&A: Startup CEOs share their secrets for getting bought, not sold
Scott Nelson, co-founder and CEO of FastWave Medical In 2024, aggregate medtech M&A transactions hit a record $474.8 billion, up nearly 5% from the previous year. Much of that growth was fueled by mergers and acquisitions. For example, Globus Medical’s merger with NuVasive resulted in a 53% revenue boost, while Johnson & Johnson’s $13.1 billion acquisition […]
Butterfly Network posts Street-beating Q4 results, expects 20% growth in 2025
Butterfly Network (NYSE:BFLY) shares dipped today on fourth-quarter results that came in ahead of the consensus forecast. Shares of BFLY fell nearly 3% to $3.63 apiece in mid-morning trading today. The Burlington, Massachusetts-based handheld ultrasound company reported losses of $18.1 million. That equals 8¢ per share on sales of $22.35 million for the three months […]
Butterfly Network raising $76.5 million from public offering
Butterfly Network (NYSE: BFLY) has been expecting gross proceeds of $76.6 million from a public offering slated to close today. The handheld ultrasound company announced Jan. 29 that it was offering 24 million shares of its Class A common stock a public offering price of $3.15 per share. While down nearly 1.5% today, BFLY shares […]
Butterfly Network study: Point-of-care ultrasound cuts hospital stays, costs
Butterfly Network has announced preliminary findings from a study demonstrating the benefits of point-of-care ultrasound (POCUS) in improving patient outcomes. The study, conducted by Rutgers Robert Wood Johnson Medical School and Robert Wood Johnson University Hospital, compared hospital physicians using Butterfly’s iQ+ and iQ3 POCUS devices with physicians who did not use the POCUS tech […]
