WALLDORF, July 17, 2026 — SAP SE (NYSE: SAP) today announced that it has completed the acquisition of Prior Labs, the pioneer of tabular foundation models (TFMs).
The acquisition was made to accelerate SAP's success in TFMs, which began with SAP-RPT-1, and bring one of the world's leading TFM research teams into the SAP family, where Prior Labs will operate as an independent entity. SAP will invest more than one billion euros over the next four years to expand Prior Labs into a leading global frontier AI laboratory for structured data, further advancing its global business as a top provider of business AI.
Further information about the acquisition can be found in the press release dated May 4, 2026.
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Ilaina Jonas, SAP, +1 (646) 923-2834, ilaina.jonas@sap.com, EST
Alex Vaught, SAP, +1 (206) 678-5712, alex.vaught@sap.com, PST
Daniel Reinhardt, SAP, +49 151 168 10 157, daniel.reinhardt@sap.com, CEST
SAP Press Room; press@sap.com
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