Thought Machine is founded by Paul Taylor.
Thought Machine enters into a commercial relationship with Lloyds Banking Group, one of the UK's largest retail banks. As part of this engagement, Lloyds Banking Group invests into Thought Machine's $25m series A funding round.
Thought Machine begins international expansion with the launch of its Asia Pacific office. Leading Nordic financial group, SEB, launches UNQUO – a bank designed for entrepreneurs – on Vault Core. Later that year, Standard Chartered signs to deploy Vault Core to launch their new digital bank in Hong Kong: Mox.
Thought Machine closes a $125m Series B funding round – receiving investment from Molten Ventures, Eurazeo, British Business Bank, SEB, and existing investors. Andy Maguire, former HSBC Group COO, joins Thought Machine as Chair.
Thought Machine closes a $200m Series C funding round – pushing the company’s valuation to more than $1bn. The Series C is lead by Nyca Partners and JPMorgan Chase. Standard Chartered Ventures, ING Ventures and existing investors participate.
Thought Machine announces JPMorgan Chase and ING Poland as new clients.
Thought Machine makes several client announcements, including Magyar Bankholding (Hungary), Mascoma Bank (US), Lunar (Denmark), Sovico Group (Vietnam), Kiwibank (New Zealand) and Italy's largest bank: Intesa Sanpaolo.
Temasek, Intesa Sanpaolo, and Morgan Stanley invest in Thought Machine’s $160m series D funding round, doubling the company’s valuation to $2.7bn.