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Bringing about revolutionary change with Tempus

Divya Thakkar
Divya Thakkar·Oct 17, 2023·6 min read
Tempus logo or illustration of AI-driven cancer care platform

All of us love concerts. Isn’t it? From Harry Styles to Falguni Pathak, or from Taylor Swift to Prateek Kuhad - Concerts make you feel alive again! What if I say that cancer patients too can feel a similar joy of the concert in the form of medicine? But what's different is, it is not a happiness of temporarily moment but rather a permanent revolution. 

What is Tempus?

Consider this: In the spotlight to transform cancer care, Tempus is like a renowned rockstar. Tempus, a company founded in 2015 by the only Eric Lefkofsky (remember Mick Jagger of Groupon fame?) is here to challenge cancer! But how?

The Tempus Team is focussing on amalgamating technology with healthcare. They tend to bring the power of artificial intelligence and data to this industry with the intent of personalized treatment, advancing precision medicine, accelerating cancer research, improving patient outcomes, and bridging the Gap between Data and Clinical Practice. 

Tempus being the centre of the attraction has the ability to play more than one instrument - they're masters of an entire ensemble. Their cutting-edge platform collects all the medical notes, pathology reports, and genomic data you can imagine. It's like having a wild concert crowd of data right at their fingertips! 

Well, the amalgamation of tech and healthcare isn’t new in the 21st century, for example, Vicarious is on the journey to manufacture robots that could help doctors do invasive surgery.

But what makes Tempus different?

Its amazing array of technology, includes artificial intelligence, machine learning, and even a little rock 'n' roll. Even the best guitar solos couldn't match the patterns and insights that these rock star algorithms discover when they analyze the data like ecstatic concert-goers. 

It is definitely considered to be the rock star conductor conducting a symphony of clinical and genetic data. They're slamming those strings and singing rock songs to give doctors the most comprehensive understanding possible of tumors. Like a mind-blowing encore, it has the audience on its feet and clamoring for more!

But what does this whole concert thing consist of in the medical world? The segments of Tempus lie under two broad aspects - Providers and Life Sciences. 

PROVIDERS

As per their website, their platform and technology serve various purposes: (Source: Tempus)

LIFE SCIENCES

As per their website, their solutions are pretty strategic and sequential: (Source: Tempus)

In order to simplify all of the above scientific information, let’s bring back the rockstar concert analogy! The energy of the crowd is what a rock star feeds off, while Tempus feeds off the data from genomic and medical records. They enhance the signals that are there, isolate the important notes, and combine them into a masterpiece that aids doctors in making accurate treatment choices.

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Tempus is in it for the long haul; they don't just offer a one-time performance. Their objective is to give medical professionals the resources they need to revolutionize cancer treatment.

Tempus assists doctors in fine-tuning their treatment plans so they can hit the high notes of personalized medicine like genuine virtuosos by analyzing enormous volumes of data.

But hey, it isn't easy to run a show like that huge, right? Tempus thinks that attention should be shared. Together, they comprise an all-star group of healthcare organizations, research institutions, and pharmaceutical businesses.

Together, they revolutionize the field of cancer research by sharing their knowledge and skills to produce ground-breaking scientific discoveries. 

Funding

Tempus and their concert show have raised a total of $1.3B in funding over 13 rounds. Their latest funding was raised on Oct 20, 2022, from a Debt Financing round. It is funded by 11 investors in total out of which Ares Management and Google are the most recent investors.

Tempus has a post-money valuation in the range of $1B to $10B as of Oct 20, 2022, according to PrivCo. 

Recently, Tempus announced the broad launch of Tempus One in the month of June 2023 - The first clinical assistant with AI capabilities that puts patient information at clinicians' fingertips by utilizing advances in generative AI. The article i.e. published 

Tempus - quotes statements that describe the power and ability of Tempus One. 

“Tempus One demonstrates the power of assistive technologies by simplifying the often complex process of ordering, obtaining, and interpreting genomic testing,” -  Sandip Patel, MD, UC San Diego Health
“The ability to have a voice assistant augment our efforts in delivering precision oncology allows us to unlock the power of artificial intelligence for direct clinical benefit for our patients.” -  Sandip Patel, MD, UC San Diego Health

Well, knowing that there is an AI now for medical assistance, especially for cancer patients makes me believe in their rockstar concert. Their big finish? The most impressive performance of Tempus is aiming for is curing cancer one patient at a time. They're offering doctors superstar-level powers to personalize therapies and rock the world of cancer by unleashing the power of data. Isn’t this AWE-COOL? 


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Edited by Shruti Thapa

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