San Francisco-based human resources platform Lattice announced Tuesday that it raised $60 million in a Series E financing round led by Tiger Global. The fresh financing places the company’s valuation at $1 billion, cementing its status as a unicorn.
The Lattice platform provides HR teams with a comprehensive overview of performance management, employee engagement, development and growth. Real-time analytics give HR leaders a live look at how employees feel regarding topics like diversity and preferred management styles.
Lattice users in leadership positions can use the people management platform to conduct performance reviews, set OKRs, lay out meeting agendas and celebrate team wins.
“People strategy is no longer only a concern of human resource departments — attracting, developing and retaining top talent needs to be a company-wide effort in order to better accomplish company goals,” a spokesperson for the company said in a statement. “With more companies switching to hybrid and remote work models, building strong company culture is becoming increasingly complex.”
Lattice plans to use the additional capital to expand the size of its team, launch new products and grow its global footprint. The company is now hiring for dozens of open positions at its San Francisco headquarters. Available roles span the company’s marketing, product and people teams, to name a few.
“This gives us the opportunity to pursue our goals much more ambitiously and to provide better solutions for our customers as they evolve their people strategy to meet today’s needs,” Jack Altman, co-founder and CEO of Lattice, said in a statement.
Over 2,000 enterprises — including tech giants like Reddit, Slack, Samsara and Asana — use Lattice to engage with their employees.
Lattice has raised $158 million in venture capital financing to date, according to the company.
Thrive Capital, Shasta Ventures and Founders Fund, among others, also participated in the latest round.