Lattice Secures \(45M Series D Funding at \)400M Valuation to Transform People Management
The Rise of Remote Work and the Need for Structured Performance Management
The COVID-19 pandemic has fundamentally reshaped the modern workplace. With teams dispersed and collaboration happening virtually, maintaining productivity, engagement, and clear goal-setting has become more challenging than ever. This shift has created a significant opportunity for innovative HR tech solutions.
Lattice’s Growth Trajectory and Funding Details
San Francisco-based Lattice, a leading people management platform, has successfully closed a $45 million Series D funding round. The investment was led by Tiger Global, with participation from:
- Frontline Ventures
- Founders Fund
- Khosla Ventures
- Thrive Capital Partners
- Fuel Capital
- Y Combinator
This latest funding values the company at approximately \(400 million, doubling its valuation since its \)25 million Series C in October 2019 (also led by Tiger Global).
Pandemic-Driven Growth and Market Demand
While many industries struggled during the pandemic, Lattice experienced significant growth:
- Customer base expanded from 1,400 to 1,900 businesses (October 2019 to present)
- Employee count grew proportionally to about 200 staff members
- Serves organizations ranging from 50 to 1,500 employees
CEO and co-founder Jack Altman noted: “In March and April, our customers were transitioning to remote work and business slowed. Now, it’s picked up significantly.”
Comprehensive People Management Solutions
Lattice’s platform offers a suite of tools designed to enhance workplace productivity and engagement:
Core Features:
- Performance Tracking: Real-time feedback and review systems
- Goal Management: Structured objective-setting for employees
- Recognition Tools: Peer-to-peer praise and achievement celebration
- Work Visibility: Updates on team projects and progress
- Integration Capabilities: Seamless connection with platforms like Slack
The Future of Workplace Analytics and AI
While current tools provide valuable insights, Altman believes true AI-driven performance management is still evolving:
- Estimates at least 5 years before comprehensive AI tracking becomes mainstream
- Focus remains on balancing helpful analytics with employee privacy concerns
- Long-term vision includes more sophisticated performance optimization
Competitive Landscape and Industry Outlook
Lattice competes in a dynamic market that includes:
- Pure-play platforms (BetterWorks, 15Five)
- Comprehensive HR suites (Workday)
Miles Grimshaw, Partner at Thrive Capital, emphasized: “In the migration to a more remote world, the tools for organizations to help manage, engage, and develop their teams are more important than ever.”
The Path Forward
As workplaces continue to evolve, Lattice is well-positioned to address the growing need for:
- Remote team management solutions
- Data-driven performance insights
- Employee engagement tools in hybrid work environments
The company’s latest funding round demonstrates strong investor confidence in its ability to shape the future of people management technology.
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