SAP Acquires AI Startup Prior Labs With €1B Investment to Unlock Enterprise Structured Data
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 […]