The HR platform for companies that actually want to manage performance, not just check a compliance box. Lattice has built a clean, modern product that people teams genuinely like using — which is rare in HR software. 5,000+ companies including Slack, Robinhood, and Gusto use it. The HRIS expansion is ambitious but risky — it's a different product category with different buyers. Jack Altman is betting that owning the full people stack creates a moat. The market will decide if HR tech can support another billion-dollar platform.
Founded
2016
HQ
San Francisco, CA
Total Raised
$329 million
Founder
Jack Altman
Status
Private — valued at $3 billion (2022)
Website
lattice.comTHE ORIGIN STORY
Jack Altman (brother of Sam Altman) saw that companies were managing their most important asset — people — with spreadsheets, annual reviews nobody reads, and gut feelings. He built Lattice as a people management platform that ties performance reviews, engagement surveys, goals, and career development into one system.
The thesis: if you measure and manage people operations with the same rigor as financial operations, companies perform better.
WHAT THEY ACTUALLY DO
SaaS subscription. Per-seat pricing starting at $6-11/person/month for individual modules.
Bundles for performance + engagement + growth at higher price points. Enterprise custom pricing.
Revenue estimated at $150M+ ARR.
THE PRODUCTS
Performance Reviews, Employee Engagement Surveys, Goals & OKRs, 1:1s and Feedback, Grow (career development), Compensation Management, HRIS, Analytics and Reporting.
HOW THEY GREW
Becoming the system of record for people operations at mid-market companies. Lattice is adding HRIS, compensation management, and payroll to complement its performance and engagement tools.
The goal: replace 5-6 HR point solutions with one integrated platform. Targeting companies with 200-5,000 employees.
THE HARD PART
Competing with established HRIS systems (Workday, BambooHR) that are adding performance features, and point solutions (Culture Amp, 15Five) that overlap with Lattice's modules. The HR tech market is crowded and consolidating.
Also: the 2023 pivot to include HRIS (payroll, benefits) was controversial — expanding scope while the market was contracting.
WHO BACKED THEM
Tiger Global, Thrive Capital, Shasta Ventures, e.ventures, Khosla Ventures
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