Thought Machine
Valuation
$2.7B
2024 Revenue
$70.6M
Funding
$150M
YOY
25.4%
Team · 2025
530
Founded
2014
How Thought Machine CEO Paul Taylor grew to $70.6M revenue with a 530 person team in 2024.
Developer of a cloud-based core banking platform intended to bring machine learning and big data together to develop a next-generation operating system for banks. The company's cloud-based technology platform provides Vault OS that run in the cloud providing a secure, fast, reliable end to end banking systems, capable of managing users, accounts, savings, loans, mortgages, sophisticated financial products and can configure any type of loan or deposit account, thereby providing banking institutions with a software as a service platform to scale from one customer to tens of millions without having to incur any hard costs.
Last updated
Thought Machine Revenue
In 2024, Thought Machine's revenue reached $70.6M. The company previously reported $56.3M in 2023. Since its launch in 2014, Thought Machine has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Thought Machine Hit $70.6m revenue in October 2024 | |
| 2023 | Thought Machine Hit $56.3m revenue in December 2023 | |
| 2021 | Thought Machine Hit $39.5m revenue in April 2021 | |
| 2014 | Launched with $0 revenue |
Thought Machine Valuation, Funding Rounds
Thought Machine's most recent disclosed valuation is $2.7B.
Thought Machine has raised $150M in total funding across 2 rounds, with its most recent round in 2020.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2020 | Funding round | $125M | - | - | |
| 2018 | Funding round | $25M | - | - |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Thought Machine yet.
Thought Machine Employees & Team Size
Thought Machine employs approximately 530 people as of 2026, including 1 sales reps that carry a quota.
| Year | Milestone |
|---|---|
| 2025 | Reached 530 employees (November 2025) |
| 2024 | Reached 530 employees (December 2024) |
| 2024 | Reached 534 employees (October 2024) |
| 2023 | Reached 564 employees (December 2023) |
| 2023 | Reached 564 employees (July 2023) |
| 2022 | Reached 574 employees (December 2022) |
| 2021 | Reached 475 employees (December 2021) |
| 2021 | Reached 461 employees (April 2021) |
Frequently Asked Questions about Thought Machine
What is Thought Machine's revenue?
Thought Machine generates an estimated $70.6M in annual revenue.
Who founded Thought Machine?
Thought Machine was founded by Paul Taylor.
Who is the CEO of Thought Machine?
The CEO of Thought Machine is Paul Taylor.
How much funding does Thought Machine have?
Thought Machine raised $150M across 2 rounds.
How many employees does Thought Machine have?
Thought Machine has 530 employees.
Where is Thought Machine headquarters?
Thought Machine is headquartered in London, England, United Kingdom.
Compare Thought Machine to the industry
Thought Machine operates across multiple industries. Browse revenue, funding, and growth data for Thought Machine in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
Claim this profilePeople Also Viewed
Akulaku
Akulaku is an Indonesian fintech company that provides consumer credit, digital banking, wealth management, and insurance brokerage services in South East Asia. It operates as a digital banking and finance platform.
Lemlist
Lemlist is a sales engagement platform headquartered in France that helps sales teams find leads, automate multi-channel outreach across email, LinkedIn, WhatsApp, and phone, and close more deals. The company was co-founded by Guillaume Moubeche and is currently led by CEO Charles Tenot. Lemlist reached $720K in ARR by end of 2019, grew to $3.5M in 2020, $10M in 2021, and $23.2M by 2023. As of 2026 the company is generating $53M in revenue with a team of 160 people. In 2021 the founders completed a $30M secondary transaction at a $150M valuation, the only outside capital the company has taken after being profitable and bootstrapped from day one. Lemlist was built on a product-led growth model with no paid acquisition, relying instead on community building, personal branding on LinkedIn, content marketing, and a Facebook group that grew to 20,000 salespeople. The company expanded from a single cold email tool into a suite of five products under the Lempire umbrella, including Lemwarm, Lemcal, Taplio, and Tweet Hunter, two of which were acquired. By the time of the March 2024 interview the business had 50,000 customers worldwide, 10,000 free trials per month, and was generating 35 to 45 percent EBITDA margins. The single most notable strategic inflection point came in October 2025 when CEO Charles Tenot signed a $25 million deal to acquire Clap, a call intelligence platform doing $2M in ARR with a seven-person team. The deal was structured as $5M cash, $5M in vendor loans, convertible bonds, and up to $10M in earnouts tied to growing Clap from $2M to $10M ARR within three years, illustrating Lemlist's shift from a bootstrapped email tool to a full sales intelligence platform funded entirely by its own profits.
hellotend.com
At Tend, we do dental differently. Tend is rewriting the playbook of modern dentistry by building a company around the patient and the provider. We believe that with the power of technology, a hospitality-driven mindset, and a top tier clinical team, we can make going to the dentist something to look forward to. Our vision is to transform the dental experience into one that is empowering, human and personalized. Since launching in 2019, we have provided exceptional care to over 100,000 patients across five major cities: New York, Washington DC, Boston, Atlanta and Nashville. With thousands of five-star reviews, Tend has become one of the country's top-rated and in-demand dental practices, with over 650 team members to support this mission. We’re continuing to grow quickly and looking for the best of the best to come join our team. Visit https://jobs.hellotend.com/careers for more.
Elementor
Elementor is the leading website builder platform for professionals on Wordpress. Elementor serves web professionals including developers, designers and marketers and boasts a new website created every 10 seconds on its platform. Elementor is an open-source, GPLv3 licensed platform offering its platform both as free and premium.
Coder Technologies
Automation for dev environments
Croner
Our award winning HR and health & safety services free you from workforce admin and help keep you on the right side of the law. So with Croner, you get more time to focus on what you’re best at—growing your business.
