Butterfly Network (BFLY) Comments on Midjourney Ultrasound System

Butterfly Network, Inc. (BFLY) announced on June 18 its involvement in Midjourney's launch of a full-body imaging system, detailing the integration of 40 Ultrasound-on-Chip imaging modules per prototype. CEO Joseph DeVivo highlighted that the system utilizes half a million sensors and over two petaflops of processing power. The company expects payments of up to $74 million over five years under its co-development agreement. This development is part of Butterfly's broader strategy to enhance medical imaging access and real-time monitoring for healthcare providers.