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Thought Machine Announces $125m Series B Funding Round – Driving Continued International and APAC Expansion

Jul 28, 2020

Amount Raised

$125 Million

Round Type

Series B

LondonProfessional ServicesFinancial ServicesSoftware

Description

Thought Machine, the cloud native core banking technology firm, with its APAC headquarters in Singapore, today marks its entrance into the Asia Pacific market by announcing the signing of an additional $42m in funding for its series B round. This round extension will close in early August and is led by Eurazeo Growth, with British Patient Capital and SEB also coming in as new investors.

Who else raised in Professional Services and Financial Services around the same time

Companies in the same sectors as Thought Machine that raised within 45 days of this round, from Fundz verified event records.

  • Capitolis raised an undisclosed amount (Corporate Round) on September 10, 2020.
  • Firstbase raised $2M (Seed) on September 4, 2020.
  • Carketa, Inc. raised $1.4M (Seed) on September 1, 2020.
  • Quantum Computing raised $342K (Seed) on August 26, 2020.
  • Leap Technologies raised $3M (Seed) on August 25, 2020.
  • DefenseStorm, Inc. raised $12M on August 25, 2020.

Who to call at Thought Machine, and when

A new round usually means Thought Machine is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Thought Machine

Location

London, England, United Kingdom

About

Thought Machine was founded in 2014 with a mission to enable banks to deploy modern systems and move away from the legacy IT platforms that plague the banking industry. We do this through our cloud native core banking platform, Vault. This next generation system has been written from scratch as an entirely cloud native platform. It does not contain a single line of code which is legacy, or pre-cloud. We are currently a team of more than 500 people spread across offices in London, New York, Singapore, Sydney, and Melbourne, and have raised more than $340m in funding at a $1bn+ valuation. For more information visit thoughtmachine.net

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Related People

2 contacts
Verified contactsLiam L., Chief Design Officer SalesSee plans and pricing
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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Thought Machine raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.