SAP to Acquire Prior Labs to Establish a Globally Leading Frontier AI Lab in Europe

Acquisition doubles down on SAP's early mover advantage in tabular foundation models WALLDORF, Germany and FREIBURG, Germany, May 4, 2026 /PRNewswire/ -- SAP SE (NYSE: SAP) and Prior Labs, the pioneer of Tabular Foundation Models (TFMs), announced that they have entered into a definitive agreement for SAP to purchase Prior Labs, accelerating SAP's success in TFMs that started with SAP-RPT-1, and bringing one of the world's leading TFM research teams into the SAP family. Prior Labs will continue to operate as an independent entity, with SAP committing to invest more than €1 billion over the next four years to scale it into a globally leading frontier AI lab for the structured data that runs the world's businesses.