Prior Labs

Reviewed acquired Updated Jul 19, 2026

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Location Berlin / Freiburg, Germany
Founded 2024
Latest Stage Acquired
Total Raised EUR 9M (pre-seed, prior to SAP acquisition)
Website https://priorlabs.ai
Acquired By SAP
Sector
ai foundation-models enterprise-ai machine-learning tabular-ai deep-tech

Investors

James Wise Pre-seed (2025)
Balderton Capital pre-seed (2025)

Founders

Frank Hutter CEO & Co-Founder
Noah Hollmann Co-Founder
Sauraj Gambhir Co-Founder

About

Prior Labs is a German frontier AI laboratory building Tabular Foundation Models (TFMs) — foundation models designed for structured data like spreadsheets and enterprise databases 123. Its flagship technology, TabPFN, enables AI to solve prediction tasks such as financial forecasting and supply chain risk analysis directly on tabular business data 24. The company was founded in late 2024 by Frank Hutter, Noah Hollmann, and Sauraj Gambhir, and raised a €9 million pre-seed round in February 2025 led by Balderton Capital 13. On 2026-07-17, SAP completed its acquisition of Prior Labs and committed more than €1 billion over four years to scale the company into a European frontier AI lab focused on structured data 45. Prior Labs continues to operate as an independent entity within SAP, retaining its brand, leadership team, and research agenda 45.

Funding History

Date Round Amount Lead Co-investors
2025-02-05 Pre-Seed EUR 9M Balderton Capital XTX Ventures, Hector Foundation, Atlantic Labs, Galion.exe 13
2026-07-17 Acquisition SAP acquisition + EUR 1B four-year commitment SAP — 45

Angel participants in the pre-seed round included Peter Sarlin (Silo AI), Thomas Wolf (Hugging Face), Guy Podjarny (Snyk/Tessl), Ed Grefenstette (DeepMind), Robin Rombach (Black Forest Labs), Chris Lynch (AtScale), and Ash Kulkarni (Elastic) 13.

What Investors Say

“Tabular data is the backbone of science and business, yet the AI revolution transforming text, images and video has had only a marginal impact on tabular data — until now.”

— James Wise, Partner, Balderton Capital 1

What Founders Say

“Most of the world’s critical decisions are powered by tabular data, yet tools to analyse it are outdated and lacking. We’re bringing a quantum leap to the predictions that businesses can make…”

— Frank Hutter, CEO and Co-Founder, Prior Labs 1

Sources

  1. Balderton Capital, “Prior Labs raises €9M to revolutionise how businesses interact with their tabular data,” February 5, 2025. https://www.balderton.com/news/prior-labs-raises-e9m-to-revolutionise-how-businesses-interact-with-their-tabular-data/↩↩↩↩↩↩

  2. Fortune, “Exclusive: Prior Labs gets $9.3 million ‘pre-seed’ round to build AI models that can analyze tables and spreadsheets,” February 5, 2025. https://fortune.com/2025/02/05/prior-labs-9-million-euro-preseed-funding-tabular-data-ai/↩↩

  3. EU-Startups, “Prior Labs raises €9 million for foundation models for spreadsheets and databases,” February 2025. https://www.eu-startups.com/2025/02/prior-labs-raises-e9-million-for-foundation-models-for-spreadsheets-and-databases/↩↩↩↩

  4. SAP News Center, “SAP Completes Prior Labs Acquisition,” July 17, 2026. https://news.sap.com/2026/07/sap-completes-prior-labs-acquisition/↩↩↩↩

  5. EU-Startups, “Germany’s Prior Labs raises €1 billion and exits to SAP 18 months after being founded,” July 17, 2026. https://www.eu-startups.com/2026/07/germanys-prior-labs-raises-e1-billion-and-exits-to-sap-18-months-after-being-founded/↩↩↩