With new startups forming every day there is a great deal of compitition for the limited amount of resources that investors ever have. Few start-up companies achieve any kind of success. Even fewer reach a value of 1 Billion while still being privately owned. In fact, it is so rare, that start-up companies have a special name for it- Unicorn Status. It is an achievement that is held in high regard and is considered major accomplishment.
Unicorn status is an important way for start-up companies to measure and set benchmarks for what otherwise might be considered unmeasurable- how successful a company is. Tempus is one such company that has proven it’s worth and was able to achieve Unicorn status during it’s last round of fundraising, during which they collected 80 million from investors, including Revolution Growth and New Enterprise Associates, as well as new investors Kinship Trust Co.
Tempus is a tech firm that specializes in analyzing data in order to help improve cancer patient treatment. The firm was co-founded by Eric Lefkofsky who started the company after becoming interesting in helping to improve the quality of life for cancer treatment patients.
Using data from the Mayo Clinic and other cancer treatment centers, the 400 employees at the Chicago based start-up, which was founded in 2015, have already helped oncologists to find ways to personalize treatment for cancer patients. Before Tempus began collecting and analyzing the data from the treatment of cancer patients, oncologist often used a one-size fits all approach for a cancer patients course of treatment. Tempus is helping to anaylized the data in the hopes that oncologists will be able to better predict what kinds of treatment work best for each type of cancer at each stage.
This means that Eric Lefkofsky and his team are able to help improve the lives of cancer patients and their families with out inventing new kinds of cancer treamtments. Their impressive track record is the reason why Tempus has been able to achieve Unicorn status so quickly and is sure to be a omen of things to come.
To Learn More Click Here