Temasek led a $160m Series D round in Thought Machine.

Temasek, a global investment company, led a $160m Series D round in Thought Machine, a cloud native banking technology company, with participation from Intesa Sanpaolo, Morgan Stanley, Eurazeo, ING, JPMorgan Chase, Lloyds Banking Group, and SEB. “This new round of funding bringing Temasek, Morgan Stanley, and Intesa Sanpaolo into the business is our statement of intent: we intend to become the leader in core banking technology, and are being deployed by the biggest, most successful banks around the world. We will use this new capital to accelerate our expansion plans, serve more clients around the world, and continuously refine the capabilities of our core banking platform and other products," Paul Taylor, Thought Machine Founder and CEO.