SAP → Prior Labs: $1.2B acquisition
SAP buys Prior Labs and Dremio. 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.
- Date
- May 6, 2026
- Paid by
🇩🇪 SAP- Received by
🇩🇪 Prior Labs- Type
- Acquisition
- Amount
- $1.2B
- Status
- announced
- Note
- Commitment of over €1B over four years (~$1.2B); price undisclosed
Sources
Press coverage
- Jul 31, 2026 Forbes Under 30 AI Company Prior Labs Is Officially Acquired By SAP
All deals between SAP and Prior Labs
- May 6, 2026 SAP → Prior Labs · SAP buys Prior Labs and Dremio $1.2B
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