Butterfly Network raises $250M

2017 10 27 17 44 7322 Butterfly 006 Preview 20171027172430

Portable ultrasound developer Butterfly Network has raised $250 million from a group of investors, including Fidelity, Fosun Pharma, and the Bill and Melinda Gates Foundation.

The company's Butterfly iQ system is a personal whole-body ultrasound device that sells for less than $2,000. Butterfly Network plans to begin shipping the product to those customers who are already on its reservation list, according to the firm.

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