Prior Labs
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About Prior Labs
Industries
Data & Analytics
AI & Machine Learning
Financial Services
Company Size
1-10
Company Stage
Seed
Total Funding
$9.6M
Headquarters
Freiburg, Germany
Founded
2024
Overview
Company Does Not Provide H1B Sponsorship
Simplify's Take
What believers are saying
- Raised €9M in pre-seed funding, indicating strong investor confidence.
- Growing demand for AI-driven data analytics in finance and healthcare sectors.
- Prominent investors like Balderton Capital support Prior Labs' technology and business model.
What critics are saying
- Faces competition from established AI companies like OpenAI and Google.
- Rapid AI advancements may render current models obsolete without continuous innovation.
- Potential regulatory scrutiny over AI handling sensitive data in finance and healthcare.
What makes Prior Labs unique
- Prior Labs focuses on AI models for tabular data analysis, a niche market.
- Their TabPFN model offers faster, more accurate predictions for spreadsheets and databases.
- Co-founders include AI experts like Frank Hutter, enhancing credibility and innovation.
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Funding
Total Funding
$9.6M
Above
Industry Average
Funded Over
1 Rounds
Industry standards
Company News
Prior Labs, an AI startup, raised €9 million in pre-seed funding led by Balderton Capital, with participation from XTX Ventures, Hector Foundation, Atlantic Labs, Galion.exe, and AI angel investors. The funding will accelerate product development and expand the team. Prior Labs' TabPFN model, designed for tabular data analysis, offers faster, more accurate predictions and is now being scaled for real-world impact, enhancing industries like finance and healthcare.
Für Frank Hutter, Mitbegründer und CEO von PriorLabs, ist klar, dass die wichtigsten Entscheidungen der Welt auf der Grundlage von Tabellendaten getroffen werden. Doch die meisten Datenanalyse-Tools seien veraltet. Deshalb hat PriorLabs KI-Modelle für Tabellenkalkulationen und Datenbanken entwickelt. Die Technologie hat Investor:innen überzeugt und in der jüngst abgeschlossenen Pree-Seed-Runde 9 Millionen Euro eingebracht. Analyse und Vorhersage von Daten in Tabellenform
Freiburg-based Prior Labs, an AI startup innovating foundation models for spreadsheets and databases, has raised €9 million in pre-Seed funding, to
Prior Labs, an AI startup from Freiburg, Germany, raised €9M in Pre-Seed funding. The round was led by Balderton Capital, with participation from XTX Ventures, Hector Foundation, Atlantic Labs, and Galion.exe, as well as AI angel investors like Peter Sarlin and Thomas Wolf. The funds will be used to expand operations and development efforts.
Prior Labs has secured €9 million in a pre-seed funding round to develop AI models capable of analyzing tables and spreadsheets. The company was co-founded by Sauraj Gambhir, Frank Hutter, and Noah Hollman.
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About Prior Labs
Industries
Data & Analytics
AI & Machine Learning
Financial Services
Company Size
1-10
Company Stage
Seed
Total Funding
$9.6M
Headquarters
Freiburg, Germany
Founded
2024
There are no jobs for Prior Labs right now.
Find jobs on Simplify and start your career today