This Lattice company profile covers the company's valuation, revenue, funding rounds, investors and history. Lattice works in HR technology, with a focus on performance management and people platform. It was founded in 2015 and is headquartered in San Francisco, California, United States. Its latest valuation on record is US$3 billion (January 2022). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.
Revenue
Funding history
| Date | Round | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Jan 2022 | Series F | US$175M | US$3B | Thrive Capital (lead) | TechCrunch |
| Mar 2021 | Series E | US$60M | US$1B | Tiger Global (lead) | Built In SF |
Lattice timeline
Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.
- 2015 — Lattice is founded in San Francisco by Jack Altman and Eric Koslow.
- Mar 2021 — Series E: US$60M, valuing the company at US$1B. Investors: Tiger Global (lead).
- Jan 2022 — Series F: US$175M, valuing the company at US$3B. Investors: Thrive Capital (lead).
Investors
Overview
Lattice makes software that helps companies manage and develop their employees. Its platform covers performance reviews, goals and OKRs, one-on-one meetings, feedback, employee engagement surveys, career development and compensation planning, along with a core HR information system (HRIS) and analytics. HR leaders and managers use it to run review cycles, understand how employees feel, plan pay and help people grow. Lattice became one of the best-known HR technology brands among fast-growing technology companies.
Jack Altman and Eric Koslow founded Lattice in San Francisco in 2015; it went through Y Combinator. Altman, the brother of OpenAI CEO Sam Altman, led the company as CEO until 2023, when he stepped back to focus on investing and Sarah Franklin, a former Salesforce executive, became CEO.
Products
- Performance management: review cycles, calibrations and continuous feedback.
- Goals and OKRs: setting and tracking objectives at company, team and individual levels.
- Engagement: employee surveys with benchmarks and action planning.
- Grow: career frameworks and development plans.
- Compensation: salary and bonus planning linked to performance.
- HRIS: employee records, time off and analytics.
- AI: features that summarise feedback, help write reviews and surface insights for managers.
Funding
Lattice raised from investors including Y Combinator, Khosla Ventures, Shasta Ventures and Elad Gil. In March 2021 it raised a US$60 million Series E at a US$1 billion valuation, led by Tiger Global. In January 2022 it raised a US$175 million Series F at a US$3 billion valuation, led by Thrive Capital, tripling its valuation in under a year. Secondary market prices tracked since then have been modestly below the 2022 level, but we use the 2022 round as its most recent priced valuation and treat it as historical.
Business model
Lattice sells subscriptions priced per employee per month, with modules such as performance, engagement, growth, compensation and HRIS sold separately or in bundles. Its customers range from startups to enterprises, with a strong base among mid-sized technology companies. The company doesn't publish revenue, so we show it as not disclosed.
Competition
Lattice competes with performance and engagement tools such as Culture Amp, 15Five, Leapsome and Betterworks; with HR platforms that include performance features, such as Workday, Rippling, HiBob and Personio; and with employee survey tools such as Qualtrics. Consolidation pressure from all-in-one HR platforms is a key challenge for specialist tools.
Lattice at a glance
Lattice is a San Francisco people management software company founded in 2015 by Jack Altman and Eric Koslow, now led by CEO Sarah Franklin. It provides performance management, engagement, career, compensation and HRIS tools. It raised a US$175 million Series F at a US$3 billion valuation in January 2022, led by Thrive Capital.
Timeline
- 2015: founded; joins Y Combinator.
- 2016–2020: grows among technology companies with performance and engagement tools.
- March 2021: raises US$60 million at US$1 billion.
- January 2022: raises US$175 million at US$3 billion.
- 2023: Sarah Franklin becomes CEO; launches HRIS.
- 2024: faces criticism over a short-lived plan to add AI "digital workers" to its HR records, which it reversed.
Why performance management keeps changing
Annual performance reviews have long been criticised as slow, biased and demotivating. Many companies shifted to more frequent check-ins, continuous feedback and goal tracking, especially as teams became remote and hybrid. At the same time, organisations want fair, data-driven decisions on promotions and pay. Software like Lattice tries to balance these needs, and AI is now being used to summarise feedback and reduce manager workload, though it raises questions about fairness and transparency.
Who uses Lattice
Lattice's customers include fast-growing technology companies, professional services firms and mid-sized organisations across industries. HR teams administer the platform, managers use it to run reviews and one-on-ones, and employees use it to set goals and give feedback.
Risks
- Consolidation: all-in-one HR platforms may squeeze specialist performance tools.
- Tech hiring cycles: headcount cuts at technology companies reduce per-employee revenue.
- Stale valuation: its last priced round dates from 2022.
Questions for HR leaders
- Which performance processes do you need, and how flexible must they be?
- Should performance tools be separate from or combined with your HRIS?
- How are AI features used in reviews, and how is fairness protected?
The AI "digital workers" episode
In 2024, Lattice announced plans to let companies add AI agents, described as "digital workers", to its HR system with records, managers and onboarding, similar to human employees. The idea drew strong criticism from HR professionals and commentators, who argued it blurred the line between people and software and was disrespectful to human workers. Lattice dropped the plan within days. The episode illustrated how sensitive AI is in HR, where trust, fairness and dignity are central, and how quickly public reaction can force companies to change course.
Valuation context
Lattice's US$3 billion valuation was set in January 2022, at the end of the software boom. Many HR technology companies saw their valuations fall afterwards as hiring slowed and technology companies cut staff, which reduced demand for per-employee software. Secondary market prices tracked by data providers have been modestly below the 2022 level.
Building a broader HR platform
Lattice's move into HRIS reflects a strategic need: companies increasingly prefer one platform for employee records, performance, engagement and compensation rather than separate tools. Offering HRIS lets Lattice compete for a larger share of HR budgets and reduces the risk of being replaced by all-in-one platforms, though it brings Lattice into competition with larger HR software providers.
Typical Lattice customers
Lattice is popular with technology companies, professional services firms and mission-driven organisations that emphasise employee development. HR teams administer it, while managers and employees use it weekly for one-on-ones, goals and feedback.
Integrations
Lattice integrates with HR systems, payroll providers, Slack and Microsoft Teams, so feedback, recognition and check-ins happen in the tools employees already use, while employee data stays synchronised with core HR records.
Latest developments (October 2026)
Lattice has narrowed its focus in 2026, shutting down the core HR records and payroll products it had launched to refocus on performance and talent management, and releasing a Model Context Protocol connector that brings its data into AI tools, according to company updates summarised by StockAnalysis. Its 2022 valuation of US$3 billion remains the latest priced figure. See our HR tech guide.
What to watch
Watch HRIS adoption, AI features, enterprise growth and any new funding or acquisition activity.
Takeaways
HR teams can run performance, engagement and growth programmes in one place. Founders can see how consolidation pressures specialist software. Investors should treat the 2022 valuation as historical.
Sources
Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.
Frequently asked questions
What does Lattice do?
Lattice is a hr technology / performance management and people platform company headquartered in San Francisco, California, United States. It was founded in 2015.
What is Lattice's valuation?
Lattice was valued at US$3 billion as of January 2022, according to TechCrunch. Private company valuations are set at funding rounds or share sales and can change significantly between them.
How much revenue does Lattice make?
Lattice is a private company and has not publicly disclosed its revenue. Figures on third-party sites are usually modelled estimates rather than numbers reported by the company.
What was Lattice's latest funding round?
The most recent financing we have verified is a series f in Jan 2022: US$175M, at a valuation of US$3B. Source: TechCrunch.
Who are Lattice's investors?
Investors named in public announcements include Thrive Capital, Tiger Global, Elad Gil, Shasta Ventures, Khosla Ventures and Y Combinator.
Who founded Lattice?
Lattice was founded in 2015 by Jack Altman and Eric Koslow.
Is Lattice a public company?
No. Lattice is a private company (private, venture backed), so its shares are not traded on a stock exchange and it isn't required to publish its financial results.
Where is Lattice headquartered?
Lattice is headquartered in San Francisco, California, United States.