Germany’s Prior Labs raises €1 billion and exits to SAP 18 months after being founded

Berlin-based frontier AI lab Prior Labs today announced that the multinational software company SAP has completed its acquisition of the company, supported by more than €1 billion in investment from SAP in order to fund infrastructure, hiring, and long-term frontier research. Prior Labs will continue under its own brand, leadership, research agenda and customer relationships, […] The post Germany’s Prior Labs raises €1 billion and exits to SAP 18 months after being founded appeared first on EU-Startups .