Butterfly Network

Butterfly Network builds handheld ultrasound systems—including the iQ3, iQ+, iQ+ Bladder, and iQ3 Vet—that combine proprietary “Ultrasound-on-Chip” hardware with AI-enabled software and cloud workflow tools. The probes connect to a mobile device and deliver whole-body point-of-care ultrasound (POCUS) with clearer images, automated calculations, and expanded clinical presets. Their software ecosystem includes Compass AI for program-wide workflow management, an AI Marketplace for compatible diagnostic apps, and Butterfly Academy for structured education and training. The platform is designed for broad deployment across hospitals, clinics, EMS, medical education, veterinary care, and individual clinicians.
The company offers its solution through a hybrid model that combines capital expenditure (CapEx) for hardware with subscription-based software services. Handheld probe pricing varies by model and configuration, with the Butterfly iQ+ generally priced around $2,700-$3,500 and the newer iQ3 ranging between $3,900 and $4,700. Software access—covering advanced AI tools, cloud storage, workflow management, and educational content—is delivered through annual subscriptions that align with the user’s needs, from individual clinicians to enterprise-scale health systems. This structure creates a clear split: customers own the device, while Butterfly generates recurring revenue through the software layers that keep imaging, workflow, and AI-enabled features continuously up to date.