Medical data analytics company Tempus said today it has raised $110 million in a Series E financing round.
The Chicago-based company uses advanced machine learning, sequencing and AI-assisted image recognition to build medical and healthcare databases.
Funds in the round came from Bailie Gifford, accounts managed by T. Rowe Price, Revolution Growth, New Enterprise Associates and other existing investors. Funding raised will be used to expand operations into new therapeutic areas and geographies, Tempus said.
“Our mission is to help usher in precision medicine, in the United States and abroad. We couldn’t be more thrilled with our progress to date, and we’re honored to be surrounded by world class investors, collaborators, partners and an incredibly talented team here at Tempus,” founder & CEO Eric Lefkofsky said in a prepared statement.
At DeviceTalks Boston, Tyler Shultz will give attendees an inside look at Theranos and how he was able to sound the alarm after he realized the company was falling apart. Shultz will take attendees behind the story that everyone is talking about: the rise and fall of Elizabeth Holmes and her diagnostic company, Theranos.
Join Shultz and 1,000+ medical device professionals at the 8th annual DeviceTalks Boston.