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

Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

Published

1 day ago

July 25, 2024

Nour Nasir

Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.