Thought Machine: Adds $42m in funding
- Thought Machine announces the signing of an additional $42m in funding for its series B round, due to close in early August
- Eurazeo Growth is leading this extension, with British Patient Capital and SEB also coming in as new investors
- Thought Machine has built Vault, a modern cloud native core system for banks constrained by legacy technology
- Company has scaled up international hiring, adding 100 employees in the first two quarters of 2020 across three regions
- Thought Machine has also expanded product compatibility to all major cloud providers and will be making major client announcements in the coming months
- In addition to SEB, Thought Machine publicly names Lloyds Banking Group, Atom bank and Standard Chartered Bank as clients
