Thought Machine Revenue, Valuation, Funding & Investors

Transmit Security is a Boston-headquartered customer identity and access management platform provider. The company delivers fraud prevention, passwordless authentication, and orchestration tools to banks like Barclays, insurers such as Allianz, and retailers including Walmart. Founded in 2018, Transmit Security processes trillions of identity transactions annually across web, mobile, and API channels.

Feedzai is a Coimbra-headquartered AI platform combating fraud across banking, payments, and e-commerce. It deploys risk scoring for transactions, AML screening, identity verification, and scam detection using behavioral biometrics and generative AI like ScamAlert. Clients include Santander, Citi, and Visa, with operations in US, UK, and APAC for real-time prevention.

infiBond is a behavioral analytics platform that integrates deep learning AI into digital services for fintech, e-commerce, and healthcare providers. Its algorithms analyze users' states of mind, personality traits, and motivators to predict behaviors beyond surface-level actions, enabling personalized engagement, risk assessment, and loyalty enhancement. Compliant with GDPR, ISO standards, and US privacy laws, the Israel-headquartered company embeds seamlessly into major platforms worldwide.

Backbase is an Amsterdam-headquartered fintech provider of AI-powered digital banking platforms overlaying core systems for 150 institutions including Barclays, BNP Paribas, Citibank, and Lloyds Banking Group. Capabilities span retail onboarding, lending, servicing, and wealth management across 16 offices on five continents with over 2,000 employees focused on R&D. The 2003-founded company launched its Intelligence Fabric-enabled AI platform in 2025 for agent-based automation, recognized by Forrester and Gartner as a digital banking leader.

Intapp Inc is a provider of industry-specific, cloud-based software solutions for the professional and financial services industry. It empowers private capital,g, legal, accounting, and consulting firms with the technology needed to meet rapidly changing client, investor, and regulatory requirements. Geographically, it derives a majority of its revenue from the United States and also has a presence in the United Kingdom and the Rest of the world.

Trumid is a New York-headquartered fintech platform for electronic fixed income trading, specializing in corporate bonds and credit default swaps. It connects buy-side institutions directly with dealers via low-latency protocols. Trumid processes billions in daily volume across U.S. and European markets.

Servyou Software Group Co Ltd is a comprehensive service provider of fiscal and taxation information in China. It offers tax system development and operation and maintenance for tax authorities, and provides comprehensive Internet financial and taxation services for taxpayers and financial and tax intermediaries with the Yiqiying brand.

Ncino Inc is a provider of cloud-based software for financial institutions. Its software solution digitizes, automates, and streamlines inefficient and complex processes & workflows and utilizes data analytics & artificial intelligence that enables financial institutions to onboard new clients, make loans, and manage the entire loan life cycle, open deposits, and other accounts, and manage regulatory compliance. It also offers professional services, including configuration & implementation, training, and advisory services. The company generates the majority of its revenue from subscription services. The company caters to financial institutions, enterprise banks, regional banks, community banks, and credit unions. The vast majority of its revenue comes from the United States.

Modern Treasury is a San Francisco-headquartered fintech platform for payment operations and reconciliation. Its API automates ACH, wire, and RTP transfers with approval workflows and ledger syncing to bank statements. Finance teams at Brex and Ramp process $100 billion monthly through its console. Founded in 2018, it supports multi-entity treasury for 500 enterprise clients.

NCR Atleos Corp is financial technology company providing self-directed banking solutions to a customer base including financial institutions, merchants, manufacturers, retailers and consumers. Self-directed banking is a rapidly growing, secular trend that allows banking customers to transact seamlessly between various channels all for the same transaction. Their comprehensive solutions enable the acceleration of self-directed banking through ATM and interactive teller machine (ITM) technology, including software, services, hardware and its proprietary Allpoint network. Atleos manage its operations in the following segments which includes Self-Service Banking, Network, and Telecommunications abd Technology.

Diebold Nixdorf Inc is engaged in providing software and hardware services for financial and retail industries. The customer segments of the company are Banking, which offers integrated solutions for financial institutions, and Retail, which offers solutions, software, and services that improve the checkout process for retailers. A majority of its revenue is generated from the Banking segment.

iFAST Corp Ltd is an investment holding company. It is engaged in the development of software, marketing of unit trusts, exchange-traded funds, listed stocks, debt securities, and Singapore government securities through websites and acting as an investment advisor, dealer, and custodian in the securities. The company operates through geographic segments are Singapore, Hong Kong, Malaysia, United Kingdom, and China. The Singapore region generates maximum revenue for the company. iFAST receives revenue in the form of commissions and fees.

CorVel Corp applies technology including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs. It partners with employers, third-party administrators, insurance companies, and government agencies in managing worker's compensation and health, auto, and liability services. The company's solutions combine integrated technologies with a human touch providing services that include claims management, bill review, preferred provider networks, utilization management, case management, pharmacy services, directed care, and medicare services.

Upstox is a Mumbai-based online brokerage platform offering commission-free trading in equities, derivatives, commodities, and currencies on the NSE and BSE exchanges. Launched in 2012, it provides mobile and web apps with advanced charting tools, algo trading capabilities, and margin funding up to 5x leverage. The discount broker serves over 10 million retail investors in India with API access for quantitative strategies.

Q2 Holdings Inc provides digital solutions to financial institutions, financial technology companies, and alternative finance companies, seeking to incorporate banking into their customer engagement and servicing strategies. The company helps its clients with supervisory, consumer protection, privacy, third-party risk management requirements, and cyber threats and fraud, among other applications, by offering a portfolio of digital solutions, which comprises its digital banking offerings, digital lending and relationship pricing solutions, risk and fraud solutions, as well as Q2 Innovation Studio and Helix. Q2 derives the majority of its revenue from subscription fees for the use of its hosted solutions.

Alkami Technology Inc is a cloud-based digital banking solutions provider. The company’s solution, the Alkami Digital Banking Platform, allows FIs to onboard and engage new users, accelerate revenues and meaningfully improve operational efficiency, all with the support of a proprietary, true cloud-based, multi-tenant architecture.

21Finance is a Zurich-headquartered fintech provider of decentralized platforms for digital asset issuance and trading. Its software enables banks and intermediaries to launch compliant marketplaces for tokenized shares, bonds, funds, security tokens, and cryptocurrencies on secondary markets. Regulated under Swiss financial laws, the solution supports Ethereum-based smart contracts.

Icon is a Denver-based retirement technology provider offering Portable Retirement Plans that integrate with payroll systems for small businesses nationwide. The platform automates 401(k) administration, compliance reporting, and participant onboarding via APIs compatible with Gusto and ADP. Its PRP model allows account portability across employers, serving over 1,000 companies with features like auto-escalation and financial wellness tools.