BREAKING Lattice powers performance reviews at 4,500+ companies $3B valuation - Series F closed at $175M (2022) $127M ARR and counting Sarah Franklin takes the CEO seat after 15 years at Salesforce Founded 2015 in San Francisco by Jack & Eric The HR platform people actually open BREAKING Lattice powers performance reviews at 4,500+ companies $3B valuation - Series F closed at $175M (2022) $127M ARR and counting Sarah Franklin takes the CEO seat after 15 years at Salesforce Founded 2015 in San Francisco by Jack & Eric The HR platform people actually open
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YesPress Profile · People & Work

Lattice

The company that decided the performance review didn't have to be a thing everyone dreads - and built software to prove it.

LATTICE, photographed at full scale: a six-product people platform wearing a three-tick logo. Looks like a checkmark. Behaves like a quarterly reckoning.

EST. 2015 San Francisco, CA ~530 people $3B valuation NYSE? Not yet.
The Scene, June 2026

It is review season again. This time nobody is hiding.

Somewhere right now, a manager opens a tab, and instead of a blank document and a sinking feeling, there's a draft. Last quarter's goals, the praise that piled up in Slack, the two 1:1s that went sideways, all already pulled together. The manager edits rather than invents. That tab is Lattice, and across more than four thousand companies, this is the quiet thing it does: it makes the most avoided conversation in corporate life slightly less avoidable.

Lattice sells performance management, goals, engagement surveys, career growth, compensation reviews, and people analytics, all stitched into one platform. The unglamorous pitch: good management can be a product, not a personality trait. A decade in, that pitch is worth roughly three billion dollars.

"The HR platform that people love." - Lattice's own tagline, which is either a promise or a dare
The Problem They Saw

Companies kept saying people were their greatest asset. Then they managed them with a spreadsheet.

Back in 2015, the tooling for managing humans at work was a museum of dread. Annual reviews lived in Word documents emailed once a year. Goals were set in January and never looked at again. Feedback happened, if at all, in the hallway. Engagement was a survey HR ran, panicked over, and filed away. The data that mattered most - whether people were growing, struggling, or quietly drafting their resignation - was scattered across systems that didn't talk to each other.

The irony was hard to miss. The same companies that A/B tested button colors to three decimal places were running their most important relationship, the one with their own employees, on instinct and Google Docs. Software had eaten sales, marketing, finance, and engineering. It had politely declined to eat HR.

The thing every company called priceless was the one thing nobody had built decent software for. - The gap Lattice walked into
The Founders' Bet

Two engineers from a T-shirt company decided management was an engineering problem.

Jack Altman and Eric Koslow met as engineers at Teespring, the custom-apparel startup. Altman had taken the long road - investment banking at Gleacher, an economics degree from Princeton, then a VP role on the business side - while Koslow ran engineering. In 2015 they left to build Lattice. Their wager was specific: if you give managers a system that makes feedback continuous, goals visible, and reviews bearable, you don't just digitize HR paperwork. You change how companies actually run.

It was a contrarian bet at the time. Investors had been burned by HR software that companies bought and employees ignored. Altman's answer was to obsess over the part most vendors treated as an afterthought: whether people would willingly open the thing. (His brother, Sam, was off making a different bet on the future of work entirely. The Altman dinner table presumably had range.)

Most HR tools are bought by executives and resented by everyone else. Lattice bet on being opened by everyone else. - The design constraint that became the moat

FILED UNDER: Sibling rivalry, productively channeled. One Altman builds the model that writes your review. The other builds the place you read it.

The Product

Six modules, one premise: management is a workflow, so treat it like one.

Lattice started with performance reviews and kept adding the things that orbit them. Today the platform connects performance, goals, engagement, growth, compensation, and analytics, and it does the work where people already are - prompting feedback and reviews inside Slack, Teams, Gmail, and Outlook rather than asking anyone to log into yet another portal.

Performance

Reviews, continuous feedback, praise, and calibration - the dread, minus most of the dread.

Goals & OKRs

Set and track objectives so individual work actually ladders up to strategy.

Engagement

Surveys and sentiment analysis that turn a pulse check into an action plan.

Grow

Career frameworks and 1:1 tooling that make development a habit, not an exit interview.

Compensation

Merit cycles and benchmarking tied to the performance data you already have.

Analytics + AI

Dashboards plus AI that drafts reviews, summarizes feedback, and flags disengagement.

In 2025 the company put AI at the center, with an assistant that drafts reviews, surfaces the employee who's quietly checked out, and coaches managers in the moment. Notably, Lattice is also subtracting: it began winding down its HRIS and payroll modules to refocus on the performance work it's known for. Doing fewer things, on purpose, is rarer in software than it should be.

The roadmap added AI and removed payroll in the same breath. Focus is a feature you ship by deleting. - On Lattice's 2025-26 product diet
The Lattice Milestone Reel

Ten years, one stubborn idea

2015

Two engineers, one document problem

Jack Altman and Eric Koslow leave Teespring and found Lattice to fix the performance review.

2016-2018

The believers show up

Y Combinator, Khosla Ventures, Thrive Capital, and Shasta back the early rounds. Reviews become a category.

2020-2021

Remote work changes everything

A world that suddenly can't manage by walking around needs software that can. Tiger Global and Sequoia pile in; a $100M Series F lands.

2022

Triple-up

Lattice raises $175M more and triples its valuation to $3 billion. Reddit and Slack are on the customer list.

Jan 2024

A Salesforce veteran takes the wheel

Sarah Franklin, 15 years at Salesforce, becomes Lattice's first non-founder CEO. Altman moves to executive chairman and into venture.

Jul 2024

The 72-hour feature

Lattice announces AI "digital workers" on the org chart, then reverses course within days after a loud, near-unanimous backlash.

2025-2026

AI, on second thought

Lattice AI goes generally available - assisting managers, not replacing employees - while HRIS and payroll are sunset.

The Proof

The numbers care about employees too.

A company that sells software for managing people is held to an awkward standard: it has to be good at the thing it sells. By the public markers, Lattice has earned the benefit of the doubt. Thousands of organizations run their cycles on it, recurring revenue reached an estimated $127 million, and G2's reviewers keep voting it onto the best-of lists. None of that is the same as loved, but it's a long way from ignored - which, for HR software, is the usual fate.

Lattice, by the numbers

Relative scale across public markers · not a stock chart, a sense of weight
Customers
4,500+
ARR
~$127M
Raised
~$329M total
Valuation
$3B
Team
~530

Bars scaled for legibility, not to a single axis. Figures are public estimates (Crunchbase, Latka, company statements) and approximate.

Four thousand-plus companies decided the most boring software they own should also be the one employees don't dread. That's the whole business. - On why the proof matters

CASE IN POINT: Slack uses Lattice and integrates with it. The performance review now lives inside the same app where you send the crying-laughing emoji. Range, indeed.

4,500+
organizations
$3B
valuation
~$127M
est. ARR
2015
founded
The Mission & The Misstep

Make work meaningful - and learn, fast, what that does not mean.

Lattice's stated mission is to make work meaningful by helping companies build engaged, high-performing teams. Pleasant enough to fit on a wall. The harder test came in July 2024, when the company announced it would give AI "digital workers" their own employee records and a spot on the org chart. The HR world responded in roughly 72 hours, and the verdict was loud: treating bots like colleagues, critics argued, disrespects the humans you already employ.

Lattice killed the feature within days. CEO Sarah Franklin later called it a misunderstanding, but the more interesting fact is the speed of the retreat. A company that builds tools for human dignity at work tested the boundary of that idea in public, got told it had crossed the line, and stepped back before the launch had cooled. For a mission statement, "we listened" is harder to fake than "we care."

The fastest way to find out what your mission means is to violate it on a Tuesday and read the replies by Friday. - On the digital-workers reversal
Why It Matters Tomorrow

AI can draft the review. It still can't have the conversation.

The next decade of work will be argued over exactly where Lattice sits: the seam between what software decides and what a manager says out loud. AI can already summarize a quarter, spot the disengaged, and write the first draft of feedback. What it can't do is sit across from a person and tell them the truth in a way that helps. Lattice's bet for tomorrow is that the draft is the easy part and the conversation is the product.

Under Franklin, the company is pushing AI deeper into the manager's workflow while - publicly, expensively - refusing to let it replace the manager. That's a narrow path. Lean too far toward automation and you get the org-chart fiasco again. Lean too far away and you're a prettier version of the Word document from 2015. The whole game is staying on the line.

Which brings us back to that open tab. The manager finishes editing the draft, closes the laptop, and walks over to have the actual conversation - the one no software will ever have for them. A decade ago, that conversation happened once a year, badly, if at all. Now it happens because a piece of software made the avoidable harder to avoid. That is a smaller revolution than the one promised on the homepage. It is also a real one.

Lattice didn't replace the hard conversation. It just made sure you finally have it. - Where the story closes, for now

Spread the word

Good management is contagious. So is a good link.