AI Fund Flows

SAP: AI deals, investors and valuation

🇩🇪 Germany · Market cap $269.4B · SAP · listed
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As of Nov 9, 2026, SAP has 2 AI deals of $1B+ in this database: it pays $1.2B and receives $0M (net −$1.2B). It ranks #88 of 198 companies by number of deals.

Pays / invests
$1.2B
Receives
$0M
Net
−$1.2B
Deals
2

Value over time

Listed companies: month-end market cap. Private: latest round valuation. Dots are deals.
Valuation history
  • January 2025$318.6B
  • April 2025$337.2B
  • July 2025$330.9B
  • October 2025$300.1B
  • January 2026$232B
  • April 2026$195.6B
  • July 2026$211.9B
  • October 2026$271.3B
  • November 2026$269.4B

Receives from

$0M

—

Pays to

$1.2B
🇩🇪 Prior Labs$1.2B · 100%

Loops it is part of

No closed loop found for this company.

All SAP deals

May 6, 2026Acquisitionannounced$1.2B
🇩🇪 SAP → 🇩🇪 Prior Labs · Commitment of over €1B over four years (~$1.2B); price undisclosed

SAP is acquiring Prior Labs (tabular foundation models) and Dremio, committing over €1B over four years to build a European frontier AI lab; price undisclosed.

Sep 24, 2025Cloud & servicesannouncedn/a
🇩🇪 SAP → OpenAI · Value undisclosed; Delos Cloud expanding to 4,000 GPUs

SAP and OpenAI announced 'OpenAI for Germany' for the German public sector on SAP's Azure-based Delos Cloud, launching 2026; SAP is expanding it to 4,000 GPUs.

Questions and answers

Who are SAP's biggest investors and payers?

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How much has SAP invested or spent on AI deals?

$1.2B across 2 deals, the largest with Prior Labs.

How much is SAP worth?

Market cap: $269.4B (Nov 9, 2026).

Is SAP part of a circular deal?

No closed loop found for this company.

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