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

Nov 29, 2021

Amount Raised

$200 Million

Round Type

Series C

LondonProfessional ServicesFinancial ServicesSoftware

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.

Quick answer

Thought Machine raised $200 Million in a Series C round, dated November 29, 2021. Thought Machine is based in London, England, United Kingdom.

How much did Thought Machine raise?
Thought Machine raised $200 Million in a Series C round on November 29, 2021.
What does Thought Machine do?
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.
Where is Thought Machine based and how big is it?
Thought Machine is based in London, England, United Kingdom. Fundz records about 530 employees.
Who are the decision-makers at Thought Machine?
Fundz holds 2 contacts at Thought Machine, including the Chief Design Officer Sales. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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.

  • Anchorage Digital raised $350M (Series D) on December 15, 2021.
  • Anchorage Digital raised $350M (Funding Round) on December 15, 2021.
  • Assemble raised $5M (Seed) on January 11, 2022.
  • Venture Count raised an undisclosed amount (Corporate Round) on December 2, 2021.
  • Intelligo raised $22M on November 15, 2021.
  • Four raised $52M (Funding Round) on October 20, 2021.

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.

  • An alert the day Thought Machine raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Thought Machine, from your own LinkedIn network

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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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Thought Machine raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, 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.