About Thoughtworks
Thoughtworks is a company based in Chicago (United States) founded in 1993 was acquired by Apax in August 2017. Thoughtworks has raised $748 million across 3 funding rounds from investors including Fidelity Investments, Siemens and Mubadala. The company has 3,938 employees as of September 01, 2024. Thoughtworks has completed 5 acquisitions, including Fourkind, Gemini Solutions and Handmade Design. Thoughtworks operates in a competitive market with competitors including Notion, Smartsheet, UST, Asana and monday.com, among others.
- Headquarter Chicago, United States
- Employees 3938 as on 01 Sep, 2024
- Stage Public
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Sectors
TechnologyBusiness Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Thoughtworks Technologies (India) Private Limited
- Date of Incorporation 01 Jun, 2001
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$226.19 M (USD)21.08as on Mar 31, 2023
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Net Profit
$18.34 M (USD)8.74as on Mar 31, 2023
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EBITDA
$36.88 M (USD)31.71as on Mar 31, 2023
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Total Equity Funding
$748 M (USD)
in 3 rounds
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Latest Funding Round
$720 M (USD), Series B
Jan 14, 2021
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Investors
Fidelity Investments
& 5 more
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Employee Count
3938
as on Sep 01, 2024
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Investments & Acquisitions
Fourkind
& 4 more
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Acquired by
Apax
(Aug 24, 2017)
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People of Thoughtworks
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Software Development Team
162 people
Senior Team
68 people
Leadership Team
39 people
Lead Team
35 people
Sales and Marketing
33 people
Human Resources and Administration
25 people
Client Team
24 people
Global Team
17 people
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Funding Insights of Thoughtworks
Thoughtworks has successfully raised a total of $748M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $720 million completed in January 2021. 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.
Investors in Thoughtworks
Thoughtworks has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Fidelity Investments, Siemens and Mubadala.
| Investor | Description | Founded Year | Domain | Location |
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Sovereign wealth is managed and private equity investments are facilitated.
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Equity investments are focused on tech, services, and consumer sectors.
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Provider of brokerage accounts, retirement planning, wealth management, and trading platforms
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Locked | Locked | Locked |
Investor details for Thoughtworks
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Thoughtworks
Thoughtworks has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Fourkind, Gemini Solutions and Handmade Design.
Investment portfolio details for Thoughtworks
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of AI, machine learning and data science services
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Locked | Locked | 2017 | Locked | |
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Management consulting services are provided by Handmade in Brazil.
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Locked | Locked | 2015 | Locked | |
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Software development services are provided by Connected in Toronto.
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Locked | Locked | 2014 | Locked |
Complete acquisition details for Thoughtworks
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Financial Statements - Thoughtworks
Detailed financials for Thoughtworks
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- Profit trends
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Thoughtworks Comparisons
Peer comparison for Thoughtworks
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Competitors of Thoughtworks
Thoughtworks 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 Notion, Smartsheet, UST, Asana and monday.com, among others.
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Diversified smart home products including hubs and sensors are provided.
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Cloud based suite solutions for enterprise project management
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High-quality office furniture is provided by UST for various needs.
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Cloud-based project management software is offered for teams.
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Cloud-based platform for project management and team tracking is offered.
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Cloud based project management platform
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Detailed competitors of Thoughtworks
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Verified entity values are shown only after access is granted.
Latest news on Thoughtworks
Complete news archive for Thoughtworks
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Frequently Asked Questions about Thoughtworks
Thoughtworks was founded in 1993 and raised its 1st funding round 7 years after it was founded.
Thoughtworks is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Mike Sutcliff is the current CEO of Thoughtworks.
Thoughtworks is a funded company, having raised a total of $748M across 3 funding rounds to date.
As of Sep 01, 2024, the latest employee count at Thoughtworks is 3,938.
Annual revenue of Thoughtworks is $226.19M as on Mar 31, 2023.
Thoughtworks was founded in 1993 in Chicago, United States, as a technology consultancy. Operations are conducted globally, with a focus on the integration of strategy, design, and software engineering. Services are provided to enterprises and technology disruptors to support goal achievement and innovation. The company is headquartered in Chicago and maintains a presence in multiple international locations, led by CEO Mike Sutcliffe.
Thoughtworks's top competitors include monday.com, Smartsheet and Clickup.
Thoughtworks has made 5 acquisitions, including Fourkind, Gemini Solutions, and Handmade Design.
Thoughtworks has 6 investors. Key investors include Fidelity Investments, Siemens, Mubadala, Apax Partners, and European Union.