Tempus AI

Tempus AI, Inc.
FormerlyTempus Labs
TypePublic
Nasdaq: TEM
IndustryHealth technology
Founded2015 (2015)
FounderEric Lefkofsky
HeadquartersChicago, Illinois, US
Key people
Eric Lefkofsky (CEO)
Number of employees
2,300 (2024)
Websitetempus.com

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]

In July 2026, Tempus agreed to acquire cancer-testing company Personalis in a deal valued at approximately US$1.5 billion. The acquisition would add Personalis's NeXT Personal cancer test to Tempus's oncology portfolio and is expected to close in late 2026 or early 2027.[14]

The company's advisory board includes Jennifer Doudna and Scott Gottlieb.[1] At the end of 2025, Tempus employs around 3,800 people.[15]

References

  1. 1 2 Pletz, John (November 12, 2021). "A Tempus IPO will give Lefkofsky a shot at post-Groupon redemption". Crain's Chicago Business.
  2. ↑ "16. Tempus". CNBC. May 25, 2021.
  3. ↑ Rosenbaum, Leah (December 10, 2020). "EXCLUSIVE: Billionaire Eric Lefkofsky's Tempus Raises $200 Million to Bring Personalized Medicine to New Diseases". Forbes.
  4. ↑ Liu, Phoebe. "Billionaire Groupon Founder Eric Lefkofsky's Health Tech Company Goes Public—His Fourth IPO". Forbes. Retrieved June 20, 2024.
  5. ↑ Or, Amy (June 14, 2024). "Medical Data Firm Tempus AI Rises After $410.7 Million IPO". Bloomberg.
  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. ↑ de León, Riley (June 14, 2024). "Google-backed Tempus AI closes first day of trading up 9% in Nasdaq stock market debut". CNBC.
  8. ↑ "AI-enabled precision medicine". 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. ↑ "SoftBank-backed Tempus AI seeks up to $6.1 bln valuation in US IPO". Reuters. June 5, 2024.
  11. ↑ Bridge, Anton (June 27, 2024). "SoftBank Group launches AI healthcare joint venture with Tempus AI". Reuters.
  12. ↑ Park, Kate (June 27, 2024). "SoftBank forms AI healthcare JV in Japan with Tempus". TechCrunch.
  13. ↑ Asplund, Jon (November 4, 2024). "Tempus buying genetics lab company for $600 million". Crain's Chicago Business.
  14. ↑ Santhosh, Christy (July 20, 2026). "Tempus to buy cancer test maker Personalis for $1.5 billion". Reuters. Retrieved July 21, 2026.
  15. ↑ "Tempus AI (TEM) Number of Employees". StockAnalysis. Retrieved July 21, 2026.
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