Thought Machine Raises $200M In Series C Funding To Bring World’S Banks To The Cloud

Nov 29, 2021•over 3 years ago

Amount Raised

$200 Million

Round Type

series c

London

Description

Thought Machine, the cloud native core banking technology firm, today announces the close of its series C funding round, bringing $200m into the business from new and existing investors. This new round sees Thought Machine achieve unicorn status.

Company Information

Company

Thought Machine

Location

London, Ontario, Canada

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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