American entrepreneur and philanthropist Eric lefkofsky (co-founder of such majorly successful companies such as Groupon and InnerWorkings) announces his newest start-up, Tempus (A Big Data analytics outfit out of Chicago Illinois), has partnered up with Precision Health AI (an Artificial Intelligence company out of New York) in a ten year agreement. Due to the new partnership Lefkofsky’s two year old start-up with now be linked up with CancerLinQ, a massive database of cancer treatment results of over half a million patients in the U.S., and will be phasing cancer into the world of Big Data. In other words, Lefkofsky is attempting to commercialize the otherwise unorganized world of cancer data and statistics in order to yield more beneficial results in successful personalized cancer treatments.
The Lefkofsky start-up has teamed up with around fifty major hospitals which specialize in medical research such as Duke University School of Medicine and the UC Comprehensive Cancer Center. The company has built up a team of over three hundred employees as well as drumming up a whopping one hundred and thirty million dollars in venture capital so far. The tools that Tempus has been working on offer doctors a way to database the information gathered from each new cancer patient treated in a fashion which enables them to offer more fruitful treatments to their future cancer patients. The information being mined will of course also be extremely beneficial in helping to improve cancer drugs as well as developing new ones.
Eric Paul Lefkofsky was born on September 2 of 1969. He has been extremely successful in most of his business ventures all the back to the early 90s when he started a company named Brandon Apparel with his now long time business partner Brad Keywell with money borrowed from their families. He began profitting from the internet in the late 90s by selling his start-up (Starbelly) to Halo Industries and becoming their CEO.
In 2007 he co-founded and seed the company now known as Groupon.com with one million dollars of his own money. Groupon was named the fastest growing company in history by Forbes magazine in the summer of 2010. Google offered a six million dollar deal for the company the very next year which was turned down for unknown reasons. In 2013 Lefkofsky became CEO of the company, a position he stepped down from two years later in order to focus better on new ventures like Tempus.
He and his wife formed the Lefkofsky Foundation, a charitable trust which has funded over fifty organizations. He serves on the board of directors of The Art Institute of Chicago, Children’s Memorial Hospital, and The Museum of Science and Industry. In the past he has taught business based courses for Northwestern University and DePaul University and currently teaches for University of Chicago Booth School of Business. Recently he published a book about the effects of technology in the business world which is titled Accelerated Disruption.