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Tempus AI

From Wikipedia, the free encyclopedia

Tempus AI, Inc.
Company typePublic
NasdaqTEM
IndustryHealth technology
Founded2015; 10 years ago (2015)
FounderEric Lefkofsky
Headquarters600 West Chicago Avenue,
Chicago, Illinois, US

Tempus AI, Inc. is an American health technology company[1] founded in 2015 by Eric Lefkofsky in Chicago, Illinois.[2] It was established by Lefkofsky soon after his wife was diagnosed with breast cancer.[3] Tempus uses data and artificial intelligence (AI) to create precision medicine solutions, including diagnostics,[4] for oncology, cardiology, radiology, and depression. The company went public on June 14, 2024[5][6] under the ticker symbol "TEM."

Business

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Tempus does next-generation sequencing and precision medicine solutions, including diagnostics, primarily for cancer patients, as well as for cardiology patients, radiology, and pharmacogenomic testing for patients with depression.[7] Tempus has a global presence for its products and services in 34 countries.[8] It is headquartered in Chicago, and has offices in New York City, the San Francisco Bay Area, Boston, Washington, D.C., Seattle, Milwaukee, Lewisburg, PA, Calgary, and Barcelona, plus three CAP/CLIA labs in Chicago, the Atlanta area (Peachtree Corners), and Research Triangle Park.[9][10]

Tempus investors include SoftBank Group, Baillie Gifford, New Enterprise Associates, Novo Holdings, Franklin Templeton Investments, T. Rowe Price, Revolution LLC, Google LLC, and others.[11]

References

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  1. ^ "16. Tempus". CNBC. May 25, 2021.
  2. ^ Rosenbaum, Leah (December 10, 2020). "EXCLUSIVE: Billionaire Eric Lefkofsky's Tempus Raises $200 Million to Bring Personalized Medicine to New Diseases". Forbes.
  3. ^ Liu, Phoebe. "Billionaire Groupon Founder Eric Lefkofsky's Health Tech Company Goes Public—His Fourth IPO". Forbes. Retrieved June 20, 2024.
  4. ^ Or, Amy (June 14, 2024). "Medical Data Firm Tempus AI Rises After $410.7 Million IPO". Bloomberg.
  5. ^ de León, Riley (June 14, 2024). "Google-backed Tempus AI closes first day of trading up 9% in Nasdaq stock market debut". CNBC.
  6. ^ de León, Riley (June 14, 2024). "Google-backed Tempus AI closes first day of trading up 9% in Nasdaq stock market debut". CNBC.
  7. ^ "AI-enabled precision medicine". tempus.com. Tempus. Retrieved January 30, 2025.
  8. ^ "Global presence of our products and services". tempus.com. Tempus. Retrieved January 30, 2025.
  9. ^ Eans, Zachary (August 4, 2021). "Chicago-based precision medicine company plans 200-job expansion into RTP". The News & Observer.
  10. ^ "Our Locations". tempus.com. Tempus. Retrieved January 30, 2025.
  11. ^ "SoftBank-backed Tempus AI seeks up to $6.1 bln valuation in US IPO". Reuters. June 5, 2024.