Company description
BLFY, also known as Butterfly Network Inc., is a revolutionary medical technology company that was founded in 2011 by Dr. Jonathan Rothberg, a renowned physicist and entrepreneur. The company is headquartered in Guilford, Connecticut and has a team of over 300 employees dedicated to revolutionizing healthcare through their innovative products. BLFY's ticker symbol stands for its mission to spread Butterfly's vision globally - to make high-quality medical imaging accessible to everyone, regardless of their location or financial resources. The company is best known for its breakthrough product, the Butterfly iQ, which is the world's first whole-body portable ultrasound device. This handheld device allows healthcare professionals to perform ultrasounds on the go and obtain high-quality images using just a smartphone or tablet. This has transformed the way medical examinations are conducted, making them more efficient, affordable, and accessible. BLFY has also developed a cloud-based platform, Butterfly Cloud, which stores and organizes medical images obtained from the Butterfly iQ. This platform also enables remote collaboration among healthcare professionals, making it easier to share and analyze medical data. Additionally, the company also offers a suite of advanced applications and AI tools that can assist in the diagnosis and treatment of various medical conditions. With its innovative technology and commitment to making healthcare more inclusive, BLFY has gained global recognition and has partnered with major healthcare institutions and organizations. The company went public in 2021 through a merger with Longview Acquisition Corp and is now listed on the New York Stock Exchange