| Founded | 2014 |
|---|---|
| Closed | 2024 |
| Country | UK |
| Sector | Fintech |
| Total raised | $563M (multiple rounds, 2014–2022) |
| Collapse type | Mass Layoff Spiral |
| Founder | Paul Taylor |
Thought Machine (growth stall)
"The cloud-native core banking platform hit by a funding crunch and deep restructuring after a $2.7B valuation"
Cascading layoffs that accelerated the decline
Key Events Timeline
Thought Machine built Vault, a cloud-native core banking system, raising $563M at a $2.
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