{"id":397651,"date":"2020-12-10T12:48:11","date_gmt":"2020-12-10T17:48:11","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=397651"},"modified":"2020-12-10T12:48:11","modified_gmt":"2020-12-10T17:48:11","slug":"tempus-announces-200-million-series-g-2-financing","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tempus-announces-200-million-series-g-2-financing\/","title":{"rendered":"Tempus Announces $200 Million Series G-2 Financing"},"content":{"rendered":"

<\/p>\n

Tempus Announces $200 Million Series G-2 Financing <\/b><\/p>\n

CHICAGO–(BUSINESS WIRE<\/a>)–
\nTempus, a leader in artificial intelligence and precision medicine, today announced an additional $200 million financing at a post-money valuation of $8.1 billion dollars, and an additional $250 million of convertible debt. The investors include Baillie Gifford, Franklin Templeton, Google, Novo Holdings, and funds and accounts managed by T. Rowe Price. With these investments, Tempus has now raised around $1.05 billion.\n<\/p>\n

\nThe company is using the additional funds to expand its operations and establish its work in other disease areas, including infectious diseases, depression, and cardiology. Tempus now employs approximately 1,500 people and runs millions of molecular tests annually. In addition, Tempus has been able to aggregate one of the largest repositories of healthcare data in the world, which it uses to help personalize care and ensure that every patient is on their own optimal, therapeutic path.\n<\/p>\n

\n\u201cNever before has the need to bring the power and promise of technology to healthcare been more acute than it is today,\u201d said Eric Lefkofsky, Founder and CEO at Tempus. \u201cAs a leader in this space, we are very much aware of our responsibility and the power of this moment in time; one in which we now possess the technological capability to use artificial intelligence to eradicate disease and help people live longer and healthier lives.\u201d\n<\/p>\n

\nTempus is focused on advancing precision medicine through its proprietary data platform that ingests multi-modal data across major disease types and analyzes that data looking for therapeutically relevant insights. Tempus organizes phenotypic, morphological, and molecular data in real-time, enabling the company to add clinical context to physician-ordered laboratory tests. Tempus\u2019 \u201csmart\u201d laboratory tests are available clinically, touching the lives of millions of patients in the U.S.\n<\/p>\n

About Tempus <\/b><\/p>\n

\nTempus is a technology company advancing precision medicine through the practical application of artificial intelligence in healthcare. With one of the world\u2019s largest libraries of clinical and molecular data, and an operating system to make that data accessible and useful, Tempus enables physicians to make real-time, data-driven decisions to deliver personalized patient care and in parallel facilitates discovery, development and delivery of optimal therapeutics. The goal is for each patient to benefit from the treatment of others who came before by providing physicians with tools that learn as the company gathers more data. For more information, visit tempus.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201210005895\/en\/<\/a><\/span><\/p>\n

\nErin Carron
\n
Director of Communications
\n
erin.carron@tempus.com<\/a><\/p>\n

KEYWORDS:<\/b> Illinois United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Data Management Health Technology Software General Health Networks Biotechnology<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Tempus Announces $200 Million Series G-2 Financing CHICAGO–(BUSINESS WIRE)– Tempus, a leader in artificial intelligence and precision medicine, today announced an additional $200 million financing at a post-money valuation of $8.1 billion dollars, and an additional $250 million of convertible debt. The investors include Baillie Gifford, Franklin Templeton, Google, Novo Holdings, and funds and accounts managed by T. Rowe Price. With these investments, Tempus has now raised around $1.05 billion. The company is using the additional funds to expand its operations and establish its work in other disease areas, including infectious diseases, depression, and cardiology. Tempus now employs approximately 1,500 people and runs millions of molecular tests annually. In addition, Tempus has been able to aggregate one of the largest … <\/p>\n

Continue reading “Tempus Announces $200 Million Series G-2 Financing”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-397651","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTempus Announces $200 Million Series G-2 Financing - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tempus-announces-200-million-series-g-2-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tempus Announces $200 Million Series G-2 Financing - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Tempus Announces $200 Million Series G-2 Financing CHICAGO–(BUSINESS WIRE)– Tempus, a leader in artificial intelligence and precision medicine, today announced an additional $200 million financing at a post-money valuation of $8.1 billion dollars, and an additional $250 million of convertible debt. The investors include Baillie Gifford, Franklin Templeton, Google, Novo Holdings, and funds and accounts managed by T. Rowe Price. With these investments, Tempus has now raised around $1.05 billion. The company is using the additional funds to expand its operations and establish its work in other disease areas, including infectious diseases, depression, and cardiology. Tempus now employs approximately 1,500 people and runs millions of molecular tests annually. 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