WALLDORF — SAP SE (NYSE: SAP) today announced it has completed the acquisition of Prior Labs, the pioneer of Tabular Foundation Models (TFMs).
The acquisition will accelerate SAP’s success in TFMs that started with SAP-RPT-1 and bring 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 investing more than €1 billion over the next four years to scale it into a globally leading frontier AI lab for the structured data that underpins the world’s businesses.
For additional information about the acquisition, see the press release from May 2026.
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Media Contacts:Alex Vaught, +1 (206) 678-5712, alex.vaught@sap.com, PSTIlaina Jonas, +1 (646) 923-2834, ilaina.jonas@sap.com, ESTDaniel Reinhardt, +49 151 168 10157, daniel.reinhardt@sap.com, CETSAP Press Room; press@sap.com
