About Thought Machine
Thought Machine is a company based in London (United Kingdom) founded in 2014 by Paul Taylor.. Thought Machine has raised $705.69 million across 7 funding rounds from investors including Intesa Sanpaolo, ING and Lloyds Bank. Thought Machine operates in a competitive market with competitors including nCino, ION Group, Tuum, Backbase and Nymbus, among others.
- Headquarter London, United Kingdom
- Founders Paul Taylor
- Stage Unicorn
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Thought Machine Group Limited
- Date of Incorporation 15 Dec, 2017
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$705.69 M (USD)
in 7 rounds
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Latest Funding Round
$160 M (USD), Series D
Apr 07, 2022
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Investors
Intesa Sanpaolo
& 19 more
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Employee Count
Employee Count
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Software Development Team
58 people
Sales and Marketing
29 people
Leadership Team
16 people
Client Team
16 people
Senior Team
11 people
Product Management Team
10 people
Human Resources and Administration
9 people
Business Team
8 people
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Funding Insights of Thought Machine
Thought Machine has successfully raised a total of $705.69M across 7 strategic funding rounds. The most recent funding activity was a Series D round of $160 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series D — $160.0M
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First Round
First Round
(22 Dec 2017)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series D - Thought Machine | Valuation | Temasek | |
| Feb, 2022 | Amount | Series C - Thought Machine | Valuation |
investors |
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| Aug, 2021 | Amount | Series C - Thought Machine | Valuation | Nyca Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Thought Machine
Thought Machine has secured backing from 20 investors, including venture fund and institutional investors. Prominent investors backing the company include Intesa Sanpaolo, ING and Lloyds Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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An investment platform is provided for diverse sectors and geographies.
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Founded Year | Domain | Location | |
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Private equity and debt investments are managed across multiple sectors.
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Founded Year | Domain | Location | |
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Tech focused early stage VC firm investing in the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Thought Machine
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Thought Machine
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Thought Machine Comparisons
Competitors of Thought Machine
Thought Machine operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as nCino, ION Group, Tuum, Backbase and Nymbus, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based API platform for banking operations is provided.
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| domain | founded_year | HQ Location |
Treasury management solutions are provided for financial institutions and banks.
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| domain | founded_year | HQ Location |
Cloud-native API-first core banking platform is provided for banks.
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| domain | founded_year | HQ Location |
AI-powered banking platforms are provided for operational growth.
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| domain | founded_year | HQ Location |
Cloud-based core banking solutions are offered to financial institutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Thought Machine
Frequently Asked Questions about Thought Machine
When was Thought Machine founded?
Thought Machine was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is Thought Machine located?
Thought Machine is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Thought Machine?
Paul Taylor is the current CEO of Thought Machine. They have also founded this company.
Is Thought Machine a funded company?
Thought Machine is a funded company, having raised a total of $705.69M across 7 funding rounds to date. The company's 1st funding round was a Series C of $276.88M, raised on Dec 22, 2017.
What does Thought Machine do?
Thought Machine was founded in 2014 in London, United Kingdom, as a developer of cloud-based core banking platforms. API-driven solutions are provided for essential bank functions, including the design and implementation of digital products such as loans, credit cards, mortgages, and vaults. Software-based systems are offered for deployment in public, private, or hybrid cloud environments, supporting operations in the financial technology sector.
Who are the top competitors of Thought Machine?
Who are Thought Machine's investors?
Thought Machine has 20 investors. Key investors include Intesa Sanpaolo, ING, Lloyds Bank, Standard Chartered, and J P Morgan.
What is Thought Machine's valuation?
The valuation of Thought Machine is $2.7B as of Apr 2022.
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