Thought Machine
Valuation
$2.7B
2025 Revenue
$75M
Customers
68
Funding
$150M
YOY
56.3%
Avg ACV
$1.1M
Team
530
Founded
2014
Thought Machine Revenue, Valuation & Funding (2025)
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 2025, Thought Machine's revenue reached $75M. The company previously reported $48M in 2024. Since its launch in 2014, Thought Machine has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2025 | Thought Machine Hit $75m revenue in December 2025 | Social Post |
| 2024 | Thought Machine Hit $48m revenue in December 2024 | Social Post |
| 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 | Source |
|---|---|---|---|---|---|
| 2020 | Funding round | $125M | - | - | |
| 2018 | Funding round | $25M | - | - |
Founder / CEO
Paul Taylor
CEO
Paul Taylor founded Thought Machine in 2014 because he wanted to use the same cloud technology he was exposed to while at Google to solve the banking industry’s legacy infrastructure problem. He believed something needed to be done about the way most banking systems were so cumbersome and awkward, not to mention deeply frustrating and practically useless for millions of end users. Thought Machine’s core banking engine Vault was born in the spring of 2015 to liberate banks from archaic legacy systems. Will Montgomery wrote the code while Paul acted as product manager – setting and guiding the overall direction of the system – a role he still plays today.
Customers
Thought Machine serves 68 customers.
Thought Machine Business Model
Point-in-time figures shared on the GetLatka podcast, each linked to the exact moment it was said on camera.
Customers (2025)
68
“it now works with 68 banks in total”
Annual profit (2025)
positive
“This rapid revenue growth also allowed the company to achieve positive free cash flow in the second half of 2025.”
Thought Machine Employees & Team Size
Thought Machine employs approximately 530 people as of 2026, including 1 sales reps that carry a quota. It serves 68 customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 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 $75M in 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.
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