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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
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.
Thought Machine reached a $2.7B valuation in 2025.
Thought Machine has raised $150M in total funding across 2 rounds, with its most recent round in 2020.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2025 | - | - | $2.7B | - | |
| 2020 | Funding round | $125M | - | - | |
| 2018 | Funding round | $25M | - | - |
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Thought Machine serves 68 customers.
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 employs approximately 530 people as of 2026, including 1 sales reps that carry a quota. It serves 68 customers that rely on its solutions.
Thought Machine generates $75M in revenue.
Thought Machine was founded by Paul Taylor.
The CEO of Thought Machine is Paul Taylor.
Thought Machine raised $150M across 2 rounds.
Thought Machine has 530 employees.
Thought Machine is headquartered in London, England, United Kingdom.
Thought Machine operates across multiple industries. Browse revenue, funding, and growth data for Thought Machine in each sector below.
BREAKING
Thought Machine has surpassed a WHOPPING $100m in annual revenue! Thought Machine is a London-based cloud banking technology company that was founded in 2014 by Paul Taylor. Its mission is to enable banks to deploy modern systems and move away from legacy IT platforms. It’s just released its FY2025 results: 📊 £75m annual revenue (vs £48m last year) 📊 £42m operating loss (vs £69m last year) Revenue has grown 57% year over year as a result of signing more Tier 1 banks - it now works with 68 banks in total! This rapid revenue growth also allowed the company to achieve positive free cash flow in the second half of 2025. Thought Machine is a fantastic UK company that had a couple of tough years after the 2021/22 bubble burst. Now it is firing on all cylinders and it is GREAT to see 👏
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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Valuation
$2.7B
2025 Revenue
$75M
Customers
68
Funding
$150M
YOY
56.3%
Avg ACV
$1.1M
Team
530
Founded
2014
| 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 |
| 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) |
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Interview with Paul Taylor, CEO
Recorded Jul 6, 2026
