Butterfly Network
A deep look at Butterfly Network's finances, team, and market position in the AI Healthcare space.
Awaira Score
Out of 100
HQ
United States
Founded
2011
Raised
$370M
Stage
Public
Team
500-1000
About Butterfly Network
Butterfly Network produces the Butterfly iQ, a handheld ultrasound device powered by a proprietary semiconductor chip that replaces traditional piezoelectric transducer arrays with a single silicon chip capable of whole-body imaging. The AI software layer provides real-time image interpretation guidance, enabling clinicians with limited ultrasound training to perform diagnostic scans at the…
Key Facts
- Butterfly Network is valued at $957M as of March 2026.
- Butterfly Network has raised a total of $370M in disclosed funding across 5 funding rounds.
- Butterfly Network was founded in 2011 by John Martin and is headquartered in United States.
- Butterfly Network employs approximately 500-1000 people.
- Butterfly Network operates in the AI Healthcare category and is currently at the Public stage.
- Butterfly Network has an Awaira Score of 85/100, ranking it among the highly notable AI companies on Awaira.
- Butterfly Network's most recent funding round was a Series D of $148M closed in October 2016.
Source: Awaira · Updated Mar 24, 2026
Valuation
$957M
Post-money
Total Raised
$370M
All rounds
Awaira Score
85/100
Founded
2011
500-1000 employees
Strengths & Risks
Strengths
Elite Awaira Score of 85/100
Large team of 500-1000+ employees
Established market presence (founded 2011)
Analysis based on publicly available data. Not investment advice.
Funding Velocity
5
Total Rounds
$74M
Avg Round Size
5.4yr
Funding Span
Butterfly Network raised 5 rounds over 5.4 years, averaging $74M per round — a pace of roughly one round every 13 months.
Awaira estimate based on public data. Not financial advice.
How does Butterfly Network stack up against competitors?
Competitor Comparison
| Metric | ★Butterfly Network | Tempus | Alan | Abridge |
|---|---|---|---|---|
| Awaira Score | 85/100 | 84/100 | 83/100 | 76/100 |
| Total Raised | $370M | $1.05B | $750M | $800M |
| Valuation | $957M | $8.1B | $5.83B | $5.3B |
| Stage | Public | Public | Series D | Series E |
| Founded | 2011 | 2015 | 2016 | 2018 |
| Employees | 500-1000 | 2500 | 500-1000 | 120 |
| Country | 🇺🇸 | 🇺🇸 | 🇫🇷 | 🇺🇸 |
Funding Rounds
Inactive$148M
Oct 2016
$114.7M
Jun 2015
$66.6M
Feb 2014
$29.6M
Oct 2012
$11.1M
Jun 2011
Butterfly Network Latest News
Butterfly Network Expands AI Platform with New Enterprise Features and Integrations
Butterfly Network Secures New Funding to Accelerate Public Expansion
Butterfly Network Launches AI-Enhanced Handheld Ultrasound for Point-of-Care
Open Positions at Butterfly Network
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