Thought Machine: Funding, Investors & Team (Sep 2026)
Thought Machine is a Fintech company that builds cloud-native technology to revolutionize core banking. Its mission is to cure one of the banking industry's primary problems: its reliance on outdated IT infrastructure. Nearly every bank is stuck on a legacy IT platform, which cripples their ability to innovate and give their customers the type of service they deserve. The company provides a solution to this is Vault: a complete retail banking platform that is capable of being configured easily to suit the needs of any bank. They have built Vault from the ground up as a cloud-native, microservice API architecture platform. Thought Machine has a deep culture of engineering excellence, and they believe it is this which delivers a solution compelling enough to engender a seismic shift in the banking industry.
Thought Machine has raised $539M across 4 funding rounds on record, the most recent a Series D of $160M announced in May 2022.
That round is above the $14M median round size for Financial Services companies tracked on FundedIQ over the last two years.
Thought Machine Company Profile and Key Stats
Latest funding round on record: May 2022.
Thought Machine Funding Rounds
Thought Machine raised $125M in an undisclosed round announced in Jul 2020.
1.3 years later, a Series C of $200M was announced in Nov 2021.
3 months later, a Corporate Round of $54.1M was announced in Feb 2022.
3 months later, a Series D of $160M was announced in May 2022.
Thought Machine Founders and Leadership Team
Contact details for the Thought Machine team: 1 of 1 has an email address on file.
Start 14-day free trial →Thought Machine Funding Compared to Other Financial Services Startups
Thought Machine's latest round of $160M is above the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
Funded Startups Like Thought Machine in Financial Services and London
Companies Similar to Thought Machine
TRIVER offers immediate funding to small businesses with just a single click. By utilizing Open Banking data…
We are creating a new Credit Reference Agency for the next generation. Noggin HQ acts as a welcoming…
10x Future Technologies, founded by former Barclays CEO Antony Jenkins, will transform the way financial…
LemonEdge is a low-code development platform with an integrated accounting engine, designed for financial…
Stratiphy is an investment application that utilizes Robo-advisory technology to assist young investors in…
Identity and Finance checking platform for property transactions.
BR-DGE provides a payment orchestration service for eCommerce enterprises that want to exploit the potential…
Ashoka WhiteOak Emerging Markets Trust Plc's investment objective is to achieve long-term capital…
Rengen Developments is a real estate company that offers investment, coworking, and rental services.
DealAnalysis, Inc. builds document intelligence with a modeling engine and memory for private capital. The…
Blue Star Capital exclusively addresses strong growth prospect investments in the Homeland Security sector.…
Propel Finance is a financial services company based in United Kingdom.
Thought Machine Funding FAQs
What does Thought Machine do?
Thought Machine is a Fintech company that builds cloud-native technology to revolutionize core banking. Its mission is to cure one of the banking industry's primary problems: its reliance on outdated IT infrastructure. Nearly every bank is stuck on a legacy IT platform, which cripples their ability to innovate and give their customers the type of service they deserve. The company provides a solution to this is Vault: a complete retail banking platform that is capable of being configured easily to suit the needs of any bank. They have built Vault from the ground up as a cloud-native, microservice API architecture platform. Thought Machine has a deep culture of engineering excellence, and they believe it is this which delivers a solution compelling enough to engender a seismic shift in the banking industry.
How much funding has Thought Machine raised?
Thought Machine has raised $539M across 4 rounds on record. The most recent is a Series D of $160M announced in May 2022.
When did Thought Machine last raise funding?
Thought Machine's most recent funding round on record is a Series D of $160M, announced in May 2022.
Who is the CEO of Thought Machine?
Paul Taylor is listed as CEO at Thought Machine.
Where is Thought Machine headquartered?
Thought Machine is based in London, England, United Kingdom.
How many employees does Thought Machine have?
Thought Machine is in the 251-500 employee band.
How does Thought Machine's funding compare to other Financial Services startups?
Thought Machine's latest round of $160M is above the $14M median round size for Financial Services companies on FundedIQ across 5,745 tracked companies over the last two years.
About FundedIQ's Thought Machine Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Thought Machine is left off this page rather than filled in.
Know who just raised. Then know who to reach.
Every newly funded startup with its round, its investors and its founders: delivered weekly by email, or searchable in the app.
Alerts from $19/mo · Pro from $99/mo. Card required, nothing charged until day 15, and we email you 3 days before that.