Prior Labs, a Freiburg, Germany-based AI startup developing foundation models for spreadsheets and databases, raised €9M in Pre-Seed funding.
The round was led by Balderton Capital along with XTX Ventures, Hector Foundation, Atlantic Labs, and Galion.exe. AI angel investors including Peter Sarlin, Thomas Wolf, Guy Podjarny, Ed Grefenstette, Robin Rombach, Chris Lynch, and Ash Kulkarni also participated.
The company intends to use the funds to expand operations and its development efforts.
Founded in late 2024 by Frank Hutter, Noah Hollmann and Sauraj Gambhir, Prior Labs empowers tabular machine learning delivering new foundation model (TabPFN) that offers a solution for tabular data analysis. Trained on 130 million synthetic datasets, it is designed to understand and infer patterns in any dataset instantly, without requiring task-specific training. It also allows fine-tuning with a company’s proprietary data, continuously improving its accuracy and adaptability to real-world challenges.
FinSMEs
05/02/2025