#freiburg

SAP has agreed to acquire Prior Labs, a Freiburg-based startup developing AI foundation models for tabular and structured business data, for an undisclosed sum. SAP will invest more than €1 billion over four years to scale the company globally, while Prior Labs continues to operate independently. Founded in 2024 and backed by Balderton Capital, Atlantic […]

WALLDORF, Germany and FREIBURG, Germany, May 4, 2026 — SAP SE and Prior Labs, the pioneer of Tabular Foundation Models (TFMs), announced that they have entered into a definitive agreement […] The post SAP to Acquire Prior Labs to Establish a Globally Leading Frontier AI Lab in Europe appeared first on AIwire.