Medical imaging company Butterfly Network graduates from incubator raising $100m from investors including Stanford University.
Stanford University has participated in a $100m equity funding round in medical imaging startup Butterfly Network. The startup only just graduated from the health care incubator 4Combinator.
Aeris Capital led the round. Jonathan Rothberg, founder of 4Combinator, also invested, along a range of other undisclosed universities.
Butterfly Network is exploiting semiconductors, deep learning and cloud computing to improve medical imaging and non-invasive surgeries.
The startup was founded by Rothberg and several physicists and engineers at Lincoln Laboratories and at Massachusetts Institute of Technology.
Jonathan Rothberg said: “Spending 18 percent of our gross domestic product, or $10,000 per person, per year, on healthcare is unsustainable and out of touch with the needs of the rest of the world. At 4Combinator, our mission is to democratise health care by launching companies, building devices, and combining advances in biology, semiconductors, and artificial intelligence. We built Butterfly to transform the way we image the body and perform surgery.”
