SAP acquires Prior Labs just 18 months after launch in €1B+ deal
SAP has acquired the German-founded frontier AI company Prior Labs for over €1 billion. The transaction, which comes just 18 months after Prior Labs was founded, establishes it as one of Europe's pre-... The acquisition gives the 18-month-old German company the resources to scale its pioneering tabular foundation models while remaining an independent AI research lab.
Key Takeaways
- Acquisition SAP acquires Prior Labs just 18 months after launch in €1B+ deal The acquisition gives the 18-month-old German company the resources to scale its pioneering tabular foundation models while remaining an independent AI research lab.
Cate Lawrence 1 hour ago Share Share Send email Copy link SAP has acquired the German-founded frontier AI company Prior Labs for over €1 billion.
- Its technology is already helping prevent train failures with Hitachi, improve financial forecasting with TD, and has been applied across hundreds of published research projects, from pancreatic cancer diagnosis to wildfire prediction to next-generation battery materials.
TabPFN-3-Thinking, the company's latest model, is state-of-the-art and enterprise-grade for all prediction tasks.
- "Eighteen months ago, Prior Labs was a research project," said Frank Hutter, Co-founder and CEO of Prior Labs.
"Today we're beginning our next chapter as an AI lab with the resources to tackle problems we simply couldn't before.
- medical data and material sciences.
"Early on, SAP recognized that the greatest untapped opportunity in enterprise AI wasn't large language models; it was AI built for the structured data that runs the world's businesses," said Philipp Herzig, CTO of SAP.
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Stats & Key Facts
- #SAP has acquired the German-founded frontier AI company Prior Labs for over €1 billion.
- #The acquisition gives the 18-month-old German company the resources to scale its pioneering tabular foundation models while remaining an independent AI research lab.
- #Acquisition SAP acquires Prior Labs just 18 months after launch in €1B+ deal The acquisition gives the 18-month-old German company the resources to scale its pioneering tabular foundation models while remaining an independent AI research lab.
- #Cate Lawrence 1 hour ago Share Share Send email Copy link SAP has acquired the German-founded frontier AI company Prior Labs for over €1 billion.
The acquisition gives the 18-month-old German company the resources to scale its pioneering tabular foundation models while remaining an independent AI research lab. Acquisition SAP acquires Prior Labs just 18 months after launch in €1B+ deal The acquisition gives the 18-month-old German company the resources to scale its pioneering tabular foundation models while remaining an independent AI research lab. Cate Lawrence 1 hour ago Share Share Send email Copy link SAP has acquired the German-founded frontier AI company Prior Labs for over €1 billion.
The transaction, which comes just 18 months after Prior Labs was founded, establishes it as one of Europe's pre-eminent AI research labs. Prior Labs pioneered tabular foundation models (TFMs), a category of AI purpose-built for enterprise data. Rather than requiring organisations to train a separate AI model for every dataset, TabPFN uses a single pre-trained foundation model capable of solving prediction tasks such as payment delays, churn, supplier risk and demand forecasting directly from structured enterprise data.
Its technology is already helping prevent train failures with Hitachi, improve financial forecasting with TD, and has been applied across hundreds of published research projects, from pancreatic cancer diagnosis to wildfire prediction to next-generation battery materials. TabPFN-3-Thinking, the company's latest model, is state-of-the-art and enterprise-grade for all prediction tasks. SAP's investment will fund infrastructure, hiring, and long-term frontier research.
For more details please read the original article at Tech.eu.
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