Butterfly Network (BFLY) 46th Annual William Blair Growth Stock Conference summary

Strategic vision and technology foundation

• Developed the first semiconductor-based ultrasound chip, enabling a single device to scan the entire body and replace multiple traditional probes.

• Over 600 patents and a partnership with TSMC support robust IP and manufacturing capabilities.

• The chip’s flexibility allows for advanced imaging modes, such as biplane and 3D, and remote beam steering.

• Fourth-generation semiconductor launch planned for next year, promising a significant leap in image acquisition.

Market adoption and brand momentum

• Sold over 150,000 devices globally, with strong adoption in point-of-care ultrasound and growing brand recognition among clinicians.

• Product featured organically in popular TV shows, contributing to brand becoming a verb in the medical community.

• Received an Apple Design Award for product design and user experience.

Data, AI, and software ecosystem

• Cloud-connected devices have generated over 25 million images, growing by 30,000–40,000 daily, creating a valuable AI training resource.

• Enterprise software (Compass) integrates device data with hospital EMRs, DICOM, and revenue systems, doubling compliance and scanning revenue at installed sites.

• Opened SDK and APIs to third-party AI developers, with 30 partners building AI ultrasound applications.