Thought Machine has been recognised as a Leader in the 2025 Gartner® Magic Quadrant™ for Retail Core Banking Systems for Completeness of Vision and Ability to Execute. The company has raised a total funding of $706M over 7 rounds from 37 investors. Temasek, Intesa Sanpaolo, and Morgan Stanley invested in Thought Machine's $160m Series D funding round in May 2022, doubling the company's valuation to $2.7bn.
Cyborg Score Rationale
Thought Machine closed a Series D funding round worth $160 million, valuing the company at $2.7 billion. The company achieved Gartner Leader status and boasts a prestigious investor base including major global banks. However, as a private company still in growth phase, it has not yet achieved the scale or profitability benchmarks of public fintech leaders.
Top Insights
As of March 31, 2026, Thought Machine has 518 employees.
Named Leader in 2025 Gartner® Magic Quadrant™ for Retail Core Banking, reflecting the strides made over past years and evolution of the cloud-native Vault Core platform.
Lloyds Banking Group has managed to reduce operational costs by up to 30% while enhancing digital banking capabilities, with client satisfaction surging by 20%.
The company intends further expansion in Asia Pacific to markets such as Vietnam, Thailand, Indonesia and Philippines.
Named Competitors
Temenos — Cloud core banking and payments software