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RAISE Summit21 min

The Foundation Model Revolution for Structured Data | Frank Hutter, Prior Labs | RAISE Summit 2026

Frank Hutter

Conference Presentation, Product Demonstration

Founded 18 months ago by Frank Hutter, Souraj Gambier, and Noah, Prior Labs has developed TabPFN, a tabular foundation model that processes structured enterprise data in seconds without retraining. The company achieved state-of-the-art performance on the TabArena leaderboard and delivered measurable results for major clients like Hitachi and Credit Agricole before signing a definitive acquisition agreement with SAP. Under this deal, SAP will invest over €1 billion to scale Prior Labs as an independent European sovereign AI hub while preserving its open-source models and research leadership.