# PriorLabs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/priorlabs

- Industry: Software
- Headquarters: Freiburg im Breisgau, Germany
- Website: www.priorlabs.ai/
- Total disclosed funding: $9.4M
- Latest round: Seed (Dec 18, 2024)
- Investors on record: 4

## About

Founded in 2024 and based in Freiburg im Breisgau, Germany, PriorLabs GmbH is a technology company developing foundation models for understanding spreadsheets and databases. In February 2025, PriorLabs GmbH raised EUR 9 million in pre-seed funding led by Balderton Capital, with participation from Atlantic Labs, Galion.exe, and XTX Ventures.

Prior Labs specializes in the development of TabPFN, a tabular foundation model designed to enhance the capabilities of data science teams engaged in spreadsheet and database analyses. TabPFN excels in classification, regression, and imputation tasks, significantly outperforming traditional methods with training speeds thousands of times faster. The model also addresses time-series forecasting, demonstrating superior performance in industry benchmarks, and is capable of generating synthetic data and fine-tuning for specific datasets. The target audience for TabPFN includes data science professionals across various sectors, such as finance, trading, pharmaceuticals, health, and agriculture. Geographically, TabPFN services a global market, catering to teams in regions with a high demand for advanced analytics, including North America, Europe, and Asia-Pacific.

Prior Labs operates on a business-to-business (B2B) model, providing its flagship product, TabPFN, primarily through subscription-based plans tailored for enterprises and small-to-medium enterprises (SMEs). Clients access different tiers of service, including early access to enhanced versions of the model, such as TabPFN v2.5, offering advanced performance and support. The structure of these transactions involves clients subscribing to the model, gaining access to features such as fine-tuning on proprietary data and dedicated support services. 

The company is focused on launching new iterations of TabPFN. Expansion plans include targeting in Asia-Pacific and North America by the end of 2025, aiming to enhance accessibility and meet the demands of data science professionals globally.

## Funding rounds

- Seed, Dec 18, 2024, $9.4M — Balderton Capital, Atlantic Labs, XTX Ventures, Galion.exe

## Investors

- Balderton Capital (https://capitalatlas.ai/funds/balderton-capital) — Seed
- Atlantic Labs (https://capitalatlas.ai/funds/atlantic-labs) — Seed
- XTX Ventures (https://capitalatlas.ai/funds/xtx-ventures) — Seed
- Galion.exe (https://capitalatlas.ai/funds/galion-exe) — Seed