Butterfly Network Signs $15 Million Co-Development and Licensing Agreement with Midjourney

Reuters11-18

Butterfly Network Signs $15 Million Co-Development and Licensing Agreement with Midjourney

Butterfly Network Inc., through its wholly owned subsidiary BFLY Operations, Inc., has entered into a Co-Development and Licensing Agreement with Midjourney, Inc. Under the terms of the five-year agreement, Butterfly Network will grant Midjourney an exclusive, non-transferable license to access and use certain semiconductor-based ultrasound technology, software, and backend technology within a specified field of use. Midjourney will pay Butterfly Network a one-time fee of $15 million and an annual license fee of $10 million, payable quarterly. The agreement also includes provisions for milestone payments of up to $9 million, revenue sharing related to hardware commercialization, and payments for any chip purchases. The agreement contains customary confidentiality, intellectual property, and license-back provisions, and allows Midjourney the option to upgrade its license in certain circumstances.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Butterfly Network Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001804176-25-000015), on November 18, 2025, and is solely responsible for the information contained therein.

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Under the terms of the five-year agreement, Butterfly Network will grant Midjourney an exclusive, non-transferable license to access and use certain semiconductor-based ultrasound technology, software, and backend technology within a specified field of use. Midjourney will pay Butterfly Network a one-time fee of $15 million and an annual license fee of $10 million, payable quarterly. The agreement also includes provisions for milestone payments of up to $9 million, revenue sharing related to hardware commercialization, and payments for any chip purchases. The agreement contains customary confidentiality, intellectual property, and license-back provisions, and allows Midjourney the option to upgrade its license in certain circumstances.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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ID: 0001804176-25-000015), on November 18, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4082","symbol_name":"医疗保健设备","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251118:nNDL1xFd3s:1","article_id":"2584327939","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2584327939","pubTimestamp":1763463848,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Butterfly Network Inc., through its wholly owned subsidiary BFLY Operations, Inc., has entered into a Co-Development and Licensing Agreement with Midjourney, Inc. 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Under the terms of the five-year agreement, Butterfly Network will grant Midjourney an exclusive, non-transferable license to access and use certain semiconductor-based ultrasound technology, software, and backend technology within a specified field of use. Midjourney will pay Butterfly Network a one-time fee of $15 million and an annual license fee of $10 million, payable quarterly. The agreement also includes provisions for milestone payments of up to $9 million, revenue sharing related to hardware commercialization, and payments for any chip purchases. The agreement contains customary confidentiality, intellectual property, and license-back provisions, and allows Midjourney the option to upgrade its license in certain circumstances.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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