Lattice

Overview
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Remote Work Infrastructure?
HR Tech?
Product stageSegments
Growth
?
Integrated Performance and Engagement Platforms
?

Lattice, co-founded by Jack Altman offers an AI-powered platform to simplify HR operations related to employee performance (reviews, competency matrices and individual development plans), compensation benchmarking and management, engagement (onboarding and AI analysis of employee surveys) and analytics (for DEIB initiatives), among other features. The company also offers integrations with other platforms such as UKG, Workday and Slack.

In September 2023, the company launched the Lattice HRIS in early access mode for mid-sized US-based organizations, allowing for the management of employee records (attendance, holiday calendar and leave management)  and integrating it with its suite of products.

The company generates revenue via monthly subscriptions, ranging from USD 4 per person to USD 11 per person, based on packaged features. Lattice also offers special enterprise pricing for multi-product and volume purchases, with a minimum annual agreement of USD 4,000.

Key customers and partnerships

As of April 2024, the company had over 5,000 enterprises using its platform, with notable clients including Slack, Discord and Gusto.

Lattice recorded positive cashflow for the first time in 1Q 2019 with 1,200 customers and reached 160,000 paid user accounts as of October 2019. The shift to enterprise clients bodes well for Lattice, with notable client signing in 2019 including Slack—one of its largest customers to date. 

Funding and financials

In its most recent funding round in January 2022, Lattice raised USD 175 million in Series F funding from ​​Thrive Capital, Elad Gil, Tiger Global, Dragoneer, and several existing investors and new angel investors. Funds were earmarked to support Lattice’s growth across industries and geographies as well as for product development. The round valued the company at USD 3 billion, tripling the USD 1 billion valuation from its Series E funding round in March 2021.

HQ location:
360 Spear Street Floor 4 San Francisco CA USA
Founded year:
2015
Employees:
501-1,000
IPO status:
Private
Total funding:
USD 330.3 mn
Last Funding:
USD 175.0 mn (Series F; Jan 2022)
Last valuation:
USD 3.0 bn (Jan 2022)
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