Prior Labs raises €9M Pre-Seed to develop AI foundation models for spreadsheets and databases
Prior Labs is pioneering AI models specifically for structured data, bridging the gap between traditional machine learning and real-world enterprise needs.
Company name: Prior Labs
Location: Freiburg, Germany
Industry: Data
Funding details:
- Amount: €9M (Pre-Seed round)
- Investors:
- Lead: Balderton Capital
- Participants: XTX Ventures, Hector Foundation, Atlantic Labs, Galion.exe
- AI Angel Investors: Peter Sarlin, Thomas Wolf, Guy Podjarny, Ed Grefenstette, Robin Rombach, Chris Lynch, Ash Kulkarni
Purpose of investment:
- Expand operations to support growing demand for AI-powered tabular data analysis
- Advance development of its foundation model for structured data
Leadership:
- Founders: Frank Hutter, Noah Hollmann, Sauraj Gambhir
Product:
Prior Labs is developing TabPFN, a foundation model for tabular data analysis, transforming how spreadsheets and databases are processed with AI-driven insights.
Key features:
- Trained on 130 million synthetic datasets, enabling rapid inference without task-specific training
- Understands patterns in structured data instantly, eliminating the need for manual feature engineering
- Allows fine-tuning with proprietary data, ensuring adaptability to real-world business challenges
About the company:
Founded in late 2024, Prior Labs is pioneering AI models specifically for structured data, bridging the gap between traditional machine learning and real-world enterprise needs. Delivering faster, more accurate tabular data analysis empowers organizations to unlock deeper insights and optimize decision-making without requiring extensive AI expertise.
Future plans:
With this funding, Prior Labs will scale its foundation model, expand its research team, and further refine AI-powered solutions for enterprises relying on structured data.
