Tempus AI, Inc. (formerly Tempus Labs[1]) is an American health technology company[2] founded in 2015 by Eric Lefkofsky in Chicago, Illinois.[3] It was established by Lefkofsky soon after his wife was diagnosed with breast cancer.[4] Tempus uses data and artificial intelligence (AI) to create precision medicine services, including diagnostics,[5] for oncology, cardiology, radiology, and depression. The company went public on the Nasdaq on June 14, 2024, under the ticker symbol "TEM."[6][7]
 | |
| Formerly | Tempus Labs |
|---|---|
| Company type | Public |
| Nasdaq: TEM | |
| Industry | Health technology |
| Founded | 2015 |
| Founder | Eric Lefkofsky |
| Headquarters | 600 West Chicago Avenue, Chicago, Illinois, US |
Key people | Eric Lefkofsky (CEO) |
Number of employees | 2,300 (2024) |
| Website | tempus |
Business
editTempus does genome sequencing and precision medicine, including diagnostics, primarily for cancer patients, as well as for cardiology patients, radiology, and pharmacogenomic testing for patients with depression.[8] Tempus has a global presence for its products and services in 34 countries.[9] 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.[10][11]
Tempus investors include SoftBank Group, Baillie Gifford, New Enterprise Associates, Novo Holdings, Franklin Templeton Investments, T. Rowe Price, Revolution LLC, Google LLC, and others.[12]
In June 2024, Tempus and SoftBank formed an AI healthcare joint venture in Japan called SB Tempus with a plan to develop personalized treatment recommendations by analyzing medical data with AI.[13][14] In November that year, Tempus agreed to acquire California-based genetic testing company Ambry Genetics for $600 million in a cash-and-stock deal.[15]
The company's advisory board includes Jennifer Doudna and Scott Gottlieb.[1] As of 2024, Tempus employs around 2,300 people.[16]
References
edit- ^ a b Pletz, John (November 12, 2021). "A Tempus IPO will give Lefkofsky a shot at post-Groupon redemption". Crain's Chicago Business.
- ^ "16. Tempus". CNBC. May 25, 2021.
- ^ Rosenbaum, Leah (December 10, 2020). "EXCLUSIVE: Billionaire Eric Lefkofsky's Tempus Raises $200 Million to Bring Personalized Medicine to New Diseases". Forbes.
- ^ Liu, Phoebe. "Billionaire Groupon Founder Eric Lefkofsky's Health Tech Company Goes Public—His Fourth IPO". Forbes. Retrieved June 20, 2024.
- ^ Or, Amy (June 14, 2024). "Medical Data Firm Tempus AI Rises After $410.7 Million IPO". Bloomberg.
- ^ de León, Riley (June 14, 2024). "Google-backed Tempus AI closes first day of trading up 9% in Nasdaq stock market debut". CNBC.
- ^ de León, Riley (June 14, 2024). "Google-backed Tempus AI closes first day of trading up 9% in Nasdaq stock market debut". CNBC.
- ^ "AI-enabled precision medicine". tempus.com. Tempus. Retrieved January 30, 2025.
- ^ "Global presence of our products and services". tempus.com. Tempus. Retrieved January 30, 2025.
- ^ Eans, Zachary (August 4, 2021). "Chicago-based precision medicine company plans 200-job expansion into RTP". The News & Observer.
- ^ "Our Locations". tempus.com. Tempus. Retrieved January 30, 2025.
- ^ "SoftBank-backed Tempus AI seeks up to $6.1 bln valuation in US IPO". Reuters. June 5, 2024.
- ^ Bridge, Anton (June 27, 2024). "SoftBank Group launches AI healthcare joint venture with Tempus AI". Reuters.
- ^ Park, Kate (June 27, 2024). "SoftBank forms AI healthcare JV in Japan with Tempus". TechCrunch.
- ^ Asplund, Jon (November 4, 2024). "Tempus buying genetics lab company for $600 million". Crain's Chicago Business.
- ^ Liu, Phoebe (October 17, 2024). "The Billionaire Behind Groupon Is Making A Fortune In An Industry He Swore He'd Never Enter". Forbes.