News

Saudi Firm Launches World’s First Handheld Ultrasound Device

Abdul Latif Jameel Health has partnered with Butterfly Network to bring the world’s first handheld, single-probe, complete body ultrasound system to the MENA region.

Published

3 years ago

November 22, 2021

David Morelo

saudi firm launches world's first handheld ultrasonic device

Butterfly Network

In many parts of the world, access to well-equipped healthcare facilities is greatly limited. Healthcare professionals often have to travel long distances to see their patients, and they can’t bring with them most of the equipment they have access to in hospitals. Without it, making the right decisions in difficult medical situations can be extremely challenging.

The good news is that a new generation of medical devices is making advanced capabilities available in a variety of portable form-factors, much like modern smartphones can perform many of the tasks that could traditionally be performed only on large desktop computers.

Now, Abdul Latif Jameel Health has partnered with Butterfly Network to bring the world’s first handheld, single-probe, complete body ultrasound system to the Middle East, North Africa, Turkey, and India.

butterfly iq+ handheld ultrasound device

Called Butterfly iQ+, the compact ultrasound system consists of three pieces: a probe with a patented on-chip digital micro-beaming technology and optimized electronics with power-efficient FPGA, a compatible iOS or Android mobile device to which the probe connects to, and the Butterfly iQ+ mobile application.

“The capabilities of this innovative, portable and versatile handheld ultrasound solution know no bounds, and we are committed to delivering this technology to serve more than 2 billion people” said Dr. Akram Bouchenaki, Chief Executive Officer, Abdul Latif Jameel Health.

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Because the ultrasound system provides sharp imaging with true-to-form color flow, 3D visualizations, cloud storage, and other advanced capabilities without taking up much space or requiring too much power, it was selected to provide medical imaging on the International Space Station. An earlier version of the device was delivered as part of the 22nd SpaceX Dragon cargo resupply payload in June 2021.

Hopefully, Butterfly iQ+ will soon be helping healthcare professionals address all kinds of health issues that people young and old experience not just in space but also in some of the poorest regions here on Earth.

News

Paymob Extends Series B Funding To $72M Amid Continued Growth

The financial services provider has secured an extra $22 million after strong performance in its core market of Egypt.

Published

23 hours ago

September 12, 2024

Nour Nasir

paymob extends series b funding to $72 million amid continued growth

Leading financial services provider Paymob has secured an additional $22 million in a funding extension, bringing its Series B total to $72 million.

The funding was spearheaded by EBRD Venture Capital, with support from Endeavor Catalyst. Existing backers such as PayPal Ventures, BII, FMO, A15, Nclude, and Helios Digital Ventures also participated, reaffirming their confidence in Paymob’s business model and potential in the regional fintech industry.

This extension comes on the back of Paymob’s strong performance in its core market of Egypt, where it has experienced 6x revenue growth since the initial Series B in Q2 2022. With the Series B extension and continued profitability in Egypt, Paymob is well-positioned to further its expansion strategy across the MENA region.

Islam Shawky, Co-founder and CEO of Paymob, commented: “We are very excited by our strong prospects in Egypt – where we hold a market-leading position – and the significant traction experienced in the UAE since launching operations there. This funding will help Paymob fully capitalize on the momentum in our established markets, as we accelerate our GCC roll-out. We remain committed to creating cutting-edge infrastructure enabling SMEs across the region to thrive in the digital economy and are proud of our continued impact”.

Also Read: Zoho Expands Qatar Operations & Releases New Survey Data

The expansion into GCC markets has been driven by Paymob’s initial Series B funding of $50 million, raised in 2022 and led by Kora Capital, PayPal Ventures, and Clay Point. The investment fueled Paymob’s growth, allowing it to launch its mobile app in 2023 and grow its merchant base by 3.5 times, now serving nearly 350,000 merchants across MENA.

Paymob has also expanded its payment acceptance suite to offer 50 payment methods through its gateway, POS terminals, and the Paymob app, providing the region’s most comprehensive fintech solution. The company recently introduced embedded checkout services for Shopify and WooCommerce, further demonstrating its commitment to empowering small and medium businesses across the region.