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May 4, 2026

SAP agrees to acquire German AI startup Prior Labs

The startup raised €9m in early 2025 and will receive more than €1bn in investment in the next four years

Anne Sraders

2 min read

German software titan SAP has agreed to acquire Freiburg-based Prior Labs, which develops tabular foundation models designed to analyse business data in tables and spreadsheets, for an undisclosed sum.

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Anne Sraders

Anne Sraders is a senior reporter at Sifted, based in Berlin. She covers the VC industry and deeptech startups. She also writes Sifted's weekly VC newsletter Up Round. Follow her on X and LinkedIn

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