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Thought Machine Secures $83m in Series B Funding
Thought Machine, a London, UK-based cloud native core banking technology company, raised $83m in Series B funding.
The round was led by Draper Esprit with participation from existing investors Lloyds Banking Group, IQ Capital, Backed and Playfair Capital.
The company intends to use the funds to continue investment in its core engineering capability and to expand into Asia Pacific.
Founded in 2014 by entrepreneur and former Google engineer Paul Taylor, Thought Machine has built Vault, a cloud built core banking solution, which is enabling established and challenger banks to compete and deliver high levels of scalability, resilience and security.
Thought Machine currently has a team of more than 300. | To read full story, visit https://startuparound.com/read/1583244109.8472302/Thought-Machine-Secures-$83m-in-Series-B-Funding?ref=audio_experience
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By Startup AroundThought Machine, a London, UK-based cloud native core banking technology company, raised $83m in Series B funding.
The round was led by Draper Esprit with participation from existing investors Lloyds Banking Group, IQ Capital, Backed and Playfair Capital.
The company intends to use the funds to continue investment in its core engineering capability and to expand into Asia Pacific.
Founded in 2014 by entrepreneur and former Google engineer Paul Taylor, Thought Machine has built Vault, a cloud built core banking solution, which is enabling established and challenger banks to compete and deliver high levels of scalability, resilience and security.
Thought Machine currently has a team of more than 300. | To read full story, visit https://startuparound.com/read/1583244109.8472302/Thought-Machine-Secures-$83m-in-Series-B-Funding?ref=audio_experience