Prognosis
Ultrasound Startup Joins Unicorn Ranks With Latest Cash Infusion
- Butterfly Network raises $250 million from Fidelity, Fosun
- Connecticut firm begins shipping portable ultrasound this week
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Butterfly Network, the maker of a pocket-sized ultrasound device that plugs into an iPhone, raised $250 million in a new financing round, pushing the company’s value to $1.25 billion, according to a person familiar with the matter.
The medical-imaging firm this week began selling its first product, called the iQ. Priced at $2,000 -- significantly less than conventional ultrasound imaging machines -- it could make the scans vastly more accessible.