Tempus, Inc. of Chicago, Illinois, is a technology firm that is building an operating system to help doctors treat cancer patients. Their system uses machine learning and analytics to give doctors a way to make real-time treatment decisions that are based on data. They have a genomic sequencing service which is based on the patients who have been treated for cancer in the past. This company was co-founded by the entrepreneur Eric Lefkofsky after he saw first-hand that the treatment of cancer was lacking when it came to high-tech tools. He is also this company’s chief executive officer. The last funding round for Tempus took part in August.
This was their Series E funding round and Eric Lefkofsky reported that his company raised $110 million. Since this company was founded in 2015 it has raised $320 million in all and is now valued at more than $2 billion. The investors in this round included New Enterprise Associates, Baillee Gifford, T. Rowe Price, and Revolution Growth. Eric Lefkofsky said that the goal of Tempus is to introduce precision medicine across the United States and internationally.
They have made great progress towards that goal and he thanks the staff at Tempus as well as the investors and partners who have been so supportive of what they are trying to accomplish. Their operating system is now being used to treat almost one in four cancer patients in America, just three years after this company debuted. The money raised in this last funding round will be used to expand Tempus internationally. The will also be expanding their operating system to include other diseases beyond cancer. Eric Lefkofsky said the first nations they are looking at expanding to include those in Australia, Asia, and Europe. He said that Tempus will expand in a conservative manner, though, so that they don’t overextend themselves. Learn More.
Sahm Adrangi went to the prestigious Yale University where he attained his Arts in an Economic bachelor degree, and he is the chief executive officer of Kerrisdale Capital Management. The company location is in New York City, and its mandate is managing investments for its clients with a total base of 500 million dollars in liquidity assets. The company focuses on using long-term values and also the events driven situations to offer customized services and advice globally.
It’s a fundamentally oriented company with exceptional and unique investments strategies. According to Sahm Adrangi, the company uses less known ways of investing for accumulating the client’s capital by shortening the company stock of any public company before it gets listed in the stock market. Kerrisdale uses the strategy of betting against the company stock before it becomes public and using this strategy it has gained 28% annual return.
The Kerrisdale capital investment become public in 2009 and become a famous company that accumulated it capital within a short time. Sahm Adrangi worked at Longacre Fund Management as their investment analysts where he managed the company assets of 1.2billion dollars. Longacre Company is private investments Partnership Company that offers various services about equity fund and credit fund. Mr. Adrangi also worked at Chanin Capital Partners that provided bankruptcy restructuring, and he assisted and advised creditors on multiple ways of the reorganization and the Chapter 11 bankruptcy. Sahm main assignments for the company included representing bondholders committees, bank debt holders.
He represented the preferred equity committees, dealing with bankrupt companies and other distressed creditors in different industries.
Sahm Adrangi also worked at Deutsche Bank in the finance group dealing with leveraging where he helped syndicate and structure the bank’s non-investment grade and high yields bonds. Additionally, at Deutsche Bank he leveraged on buying out of the client’s financings, Debts refinancing and Chapter 11 of the exits financing. Sahm Adrangi started Kerrisdale Capital with its core mandate being the leading proponents in investment world using the soft activism investing approach.
The approach creates various catalysts by sharing its investment ideas with the broader community.
Sahm Adrangi boasts of being a publisher and speaker who has offered insights to various publishing companies including the Newyork Times.
Followup to my last tweet —
— Sahm Adrangi (@SahmAdrangi) May 16, 2018