Eighteen months after a €9m pre-seed, the Freiburg-based pioneer of TabPFN is being acquired by SAP and will receive more than €1bn over four years. The terms are not disclosed; the strategic intent is unmistakable. When Frank Hutter, Noah Hollmann, and Sauraj Gambhir founded Prior Labs in early 2024, the AI world was paying attention […] This story continues at The Next Web
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SAP buys Prior Labs to anchor a European frontier AI lab around tabular foundation models
SAP's €1.1 billion bet on Prior Labs signals a major push into European AI research, anchoring a frontier lab around tabular foundation models (TabPFN) that promise to accelerate data-driven decision-making. The acquisition of the Freiburg-based startup, founded just 18 months ago, underscores SAP's strategic intent to leverage cutting-edge AI to drive business outcomes. This move marks a significant escalation of SAP's AI ambitions in Europe. AI-assisted, human-reviewed.
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