Thought Machine, a cloud native banking technology company, has closed a series D funding round, led by Temasek, a global investment company headquartered in Singapore, with participation from Intesa Sanpaolo and Morgan Stanley.

Existing investors following-on in this round include: Eurazeo, ING, JPMorgan Chase, Lloyds Banking Group, and SEB.

Thought Machine is now valued at $2.7bn – a 100% increase from the company’s valuation at the close of its series C round.