Thought Machine is the cloud native core banking technology firm which builds cloud native technology to revolutionise core banking.
Thought Machine's technology enables established and challenger banks to compete in the cloud-native era, and deliver the highest levels of scalability, resilience and security.
Thought Machine was founded in 2014 by Paul Taylor. The company is headquartered in London, London, United Kingdom.
Thought Machine's mission is to cure one of the banking industry's primary problems: its reliance on outdated IT infrastructure.
Thought Machine stands out by way of the strength of its engineering capability, and is unique in being the only company in the banking technology space that has developed a platform capable of hosting and migrating international Tier 1 banks.
Thought Machine has built Vault, using an API micro service architecture. Each service represents a key function in the bank, deployed in containers through Kubernetes orchestration. This allows Vault to be deployed properly in the cloud, and take advantage of all the benefits of scalability, security and resilience.
Thought Machine is backed by Lloyds Banking Group, IQ Capital, Backed, Playfair Capital and others. The company raised $83M in a Series B round on Mar 02, 2020. This brings Thought Machine's total funding to $106.6M to date.