Eric Lefkofsky, co-founder of Tempus has announced they have achieved unicorn status. The term unicorn was coined in 2013, by Aileem Lee who is a seed investor and venture capitalist. The mythical creature unicorn is used to describe startup companies that are privately owned and operated with a value of over $ 1 billion. Eric Lefkofsky announced Kinship Trust Co. T. Rowe Price Associates are the latest investors that invested $ 80 million. The last $ 80 million plus the $ 210 million Tempus received dating back to 2015 has pushed the current value of the company to an astounding $ 1.1 billion. Other notable unicorn companies include Uber, Lyft, Hulu, Survey Monkey, Reddit, Facebook, Alibaba and Spotify. Eric Lefkofsky credited the high interest by investors in Tempus is due to the realization of a current healthcare revolution.
Tempus is a data driven, healthcare analytical platform that uses analytical technology to identify correlations, and possible solutions in the fight against cancer. We are currently in a healthcare technology race, to identify ways to utilize the data that is siloed in various health information technology tools. Tempus has an extensive network of partners in the health information technology sector including pharmaceutical companies, hospitals, clinics and insurance payers. Mr. Eric Lefkofsky noted, the funding received from the investors is used for research, but most of it used to create jobs. Tempus currently employees about 400 people, and on average adds 30 new hires each month.
Mr. Eric Lefkofsky is a graduate of the University of Michigan, and has a JD from the University Of Michigan Law School. Tempus is working with the May Clinic in an effort to leverage the power of technology to provide a customized healthcare plan to help fight cancer. Tempus has the potential to limit exposing cancer patients to the often ineffective treatment procedures. By analyzing real-time data, in conjunction with historical healthcare data, Tempus can more efficiently, and effectively fight cancer that is specific for the patient’s healthcare needs.
Eric Lefkofsy’s Facebook Page: www.facebook.com/eplefkofsky/