Eric Lefkofsky’s Tempus Fighting Cancer With Artificial Intelligence

Tempus has joined an elite group of private startup companies, as it is now officially a unicorn. Eric Lefkofsky, cofounder and Chief Executive Officer of Tempus shared information on the string of investments received by the company since 2015. During the Series A and B Rounds, Tempus received $ 30 million in investments. In April 2017 the data company received an additional $ 30 million in investments. During Series Round C, considered the late stage venture round, Tempus secured $ 70 million. Large investments are made to startups that have proven the ability to withstand hardships and in the long run turn a profit. Tempus received $ 70 million during Round C, and in March 2018 Tempus received an additional $ 80 million. It is estimated the healthcare data analytical company is now worth $ 1.1 billion. Kinship Trust, T. Rowe Price Associates, New Enterprise Associates and Revolution Growth are among the investors responsible for the bulk of the funding acquired. Eric Lefkoksky said the funding received from investments is used primarily to hire new employees, and they add on average about 30 new positions each month.

Tempus is a healthcare information technology company that uses data analysis to fight cancer. Eric Lefkofsky said Tempus’s approach is cutting edge, because for the first time we have access to large organized sets of data. By applying machine learning algorithms to historical healthcare data, healthcare professionals are able to identify effective treatments and apply them based on the real time molecular data from cancer tumors.

Eric Lefkofsky is also cofounder of Groupon, Mediaocean, Innerworking, Echo Global Logistics and UpTake Technologies. UpTake is a data analytical company that use predictive artificial intelligence to help investors make sound financial plan based on historical economic data. A graduate of the University of Michigan, Mr. Lefkofsky is also on the Board of Trustees of the Chicago Steppenwolf Theater Company, and a Trustee of Lurie’s Children’s Hospital in Chicago.

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