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
***********
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Phone
*********
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Website
*********
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Social
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- 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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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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $720.0M
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First Round
First Round
(01 Apr 2000)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Series B - Thoughtworks | Valuation | Fidelity Investments , GIC |
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| Dec, 2016 | Amount | Grant - Thoughtworks | Valuation |
investors |
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| Apr, 2000 | Amount | Series A - Thoughtworks | Valuation |
investors |
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| 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 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. 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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Sovereign wealth is managed and private equity investments are facilitated.
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Founded Year | Domain | Location | |
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Equity investments are focused on tech, services, and consumer sectors.
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Founded Year | Domain | Location | |
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Provider of brokerage accounts, retirement planning, wealth management, and trading platforms
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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 Thoughtworks
Thoughtworks has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Fourkind, Gemini Solutions and Handmade Design. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| 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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2017 | ||||
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Management consulting services are provided by Handmade in Brazil.
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2015 | ||||
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Software development services are provided by Connected in Toronto.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Thoughtworks
| 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 |
Thoughtworks Comparisons
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. 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 |
Diversified smart home products including hubs and sensors are provided.
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| domain | founded_year | HQ Location |
Cloud based suite solutions for enterprise project management
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| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Cloud-based project management software is offered for teams.
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| domain | founded_year | HQ Location |
Cloud-based platform for project management and team tracking is offered.
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| domain | founded_year | HQ Location |
Cloud based project management platform
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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 Thoughtworks
Frequently Asked Questions about Thoughtworks
When was Thoughtworks founded?
Thoughtworks was founded in 1993 and raised its 1st funding round 7 years after it was founded.
Where is Thoughtworks located?
Thoughtworks is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of Thoughtworks?
Mike Sutcliff is the current CEO of Thoughtworks.
Is Thoughtworks a funded company?
Thoughtworks is a funded company, having raised a total of $748M across 3 funding rounds to date. The company's 1st funding round was a Series A of $28M, raised on Apr 01, 2000.
How many employees does Thoughtworks have?
As of Sep 01, 2024, the latest employee count at Thoughtworks is 3,938.
What is the annual revenue of Thoughtworks?
Annual revenue of Thoughtworks is $226.19M as on Mar 31, 2023.
What does Thoughtworks do?
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.
Who are the top competitors of Thoughtworks?
Thoughtworks's top competitors include monday.com, Smartsheet and Clickup.
How many acquisitions has Thoughtworks made?
Thoughtworks has made 5 acquisitions, including Fourkind, Gemini Solutions, and Handmade Design.
Who are Thoughtworks's investors?
Thoughtworks has 6 investors. Key investors include Fidelity Investments, Siemens, Mubadala, Apax Partners, and European Union.
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