SAP acquires Prior Labs just 18 months after launch in €1B+ deal

Tech.eu · 3 months ago · 18

SAP acquired German AI company Prior Labs for over €1 billion, just 18 months after its founding. Prior Labs developed TabPFN, a tabular foundation model capable of handling enterprise prediction tasks like payment delays and demand forecasting without requiring separate models for each dataset. The acquisition provides Prior Labs with resources and access to SAP's enterprise data ecosystem to pursue multi-year frontier research in areas including causality, relational data, and scientific applications while maintaining its independent brand and research agenda.