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Thought Machine secures £30 million in Series E funding co-led by CIBC, which will modernize its retail banking platform.

PRIVATEOct 30, 2026

Amount Raised

£30 Million

Round Type

Series E

LondonProfessional ServicesFinancial ServicesSoftware

Investors

Cibc

Description

Thought Machine, a cloud-native banking platform provider, has raised £30 million in its Series E funding round, with CIBC as a co-lead investor. CIBC will use Thought Machine's Vault Core platform to modernize its retail banking operations, starting with Simplii Financial. The partnership includes CIBC's investment alongside the technology implementation agreement for multi-year retail banking overhaul. Other major banks including Deutsche Bank, Lloyds Banking Group, and Standard Chartered also use the Vault Core platform.

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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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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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