American health technology company
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]
Business
Tempus 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] It is headquartered in Chicago.[ 9]
Tempus investors include SoftBank Group , Baillie Gifford , New Enterprise Associates , Novo Holdings , Franklin Templeton Investments , T. Rowe Price , Revolution LLC , Google LLC , and others.[ 10]
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.[ 11] [ 12] In November that year, Tempus agreed to acquire California-based genetic testing company Ambry Genetics for $600 million in a cash-and-stock deal.[ 13]
The company's advisory board includes Jennifer Doudna and Scott Gottlieb .[ 1] As of 2024, Tempus employs around 2,300 people.[ 14]
References
^ 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 .
^ Eans, Zachary (August 4, 2021). "Chicago-based precision medicine company plans 200-job expansion into RTP" . The News & Observer .
^ "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 .