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SAP acquires Prior Labs to boost AI capabilities

PUBLIC · SAPSep 13, 2026•about 2 hours ago

Acquiring Company

SAP SE

Acquired Company

Prior Labs

Information TechnologySoftwareSaasEnterprise SoftwareAnalytics

Description

SAP SE has successfully finalized the acquisition of Prior Labs on July 17, 2026. This strategic move is aimed at improving SAP's position in the field of Tabular Foundation Models. The acquisition is part of SAP's broader initiative to establish itself as a leading full-stack AI data company. The company has pledged over EUR 1 billion to develop its AI laboratory, Prior Labs.

Company Information

Company

SAP SE

About

SAP's strategy is to help every business run as an intelligent, sustainable enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: SAP customers generate 87% of total global commerce. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers' businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables business and public customers across 26 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people's lives. For more information, visit www.sap.com. This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP's 2022 Annual Report on Form 20-F. © 2023 SAP SE. All rights reserved.SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.

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Frequently asked

Who acquired Prior Labs?

Prior Labs was acquired by SAP SE. The deal was reported on September 13, 2026. SAP's strategy is to help every business run as an intelligent, sustainable enterprise. SAP SE is publicly traded (SAP) and operates in Information Technology.

When did SAP SE acquire Prior Labs?

SAP SE's acquisition of Prior Labs was reported on September 13, 2026. SAP SE has successfully finalized the acquisition of Prior Labs on July 17, 2026. This strategic move is aimed at improving SAP's position in the field of Tabular Foundation Models. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Prior Labs do?

Prior Labs is the company acquired in this transaction. It is privately held.

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