Details

Last Funding Type

Series B

Last Funding Money Raised

$125M

Industries

Banking,Enterprise Software,Financial Services,FinTech,IT Infrastructure

Founded date

Jan 1, 2014

Number Of Employee

251 - 500

Operating Status

Active

Thought Machine is a Fintech company that builds cloud-native technology to revolutionize core banking.

Its mission is to cure one of the banking industry's primary problems: its reliance on outdated IT infrastructure. Nearly every bank is stuck on a legacy IT platform, which cripples their ability to innovate and give their customers the type of service they deserve.

The company provides a solution to this is Vault: a complete retail banking platform that is capable of being configured easily to suit the needs of any bank. They have built Vault from the ground up as a cloud-native, microservice API architecture platform. Thought Machine has a deep culture of engineering excellence, and they believe it is this which delivers a solution compelling enough to engender a seismic shift in the banking industry.