Prior Labs develops vertically integrated AI hardware and enterprise-grade software, aiming to enable high-performance models to run locally. The company plans to launch a new AI device on July 15, 2026, with a retail price of €999. Published device specifications include a Qualcomm Snapdragon processor, 32GB of RAM, 1TB of storage, a 6.7-inch OLED display, and a 4500mAh battery; unconfirmed reports mention a possible 120Hz refresh rate and a custom Android variant optimized for AI scheduling. Prior Labs positions these devices to reduce latency and improve data privacy and regulatory compliance for enterprise customers. The company is using its recent SAP investment to expand research facilities and scale operations, which the article says could create thousands of skilled jobs. The strategy emphasizes building a Europe-based AI stack that competes with global players through localized infrastructure rather than relying primarily on cloud-based LLM approaches.

Total raised

$1.2B

Funding rounds

2

Latest round

Equity

Latest activity

May 2026