Aramco Ventures seeks French connection
Aramco’s venture capital arm plans to open a Paris office in 2026, using France as a base to expand its investments in AI, cybersecurity and quantum computing across Europe. The company says the new hub will plug it into France’s research and start-up networks, pointing to government backing for deep tech and to institutions such as Paris-Saclay University and the Station F start-up campus.
Aramco already runs a fuel research centre in Paris and has put money into several French start-ups. With more than $7 billion in committed capital, Aramco Ventures funds early and growth-stage companies in areas ranging from industrial AI to sustainability-focused technologies, positioning the Paris office as a way to tighten links with local founders, universities and investors.
More from Business
Veon has announced several senior management changes aimed at tightening execution in its operating markets and accelerating its push into digital and...
Samsung is shifting part of its screen sourcing for mid-range phones from its in-house display arm to a Chinese supplier. A report from Korea says Sam...
Fixed wireless provider Rise Broadband has changed its name to Rise Internet and updated its logo. According to the company, the rebrand is meant to u...
MTN Group says it has swung back to profit for the 2025 financial year and now serves more than 300 million customers across its markets. The operator...
Meta is preparing to cut about 20% of its workforce, or roughly 16,000 jobs, according to Reuters sources. If confirmed, this would be the company’s l...
At MWC Barcelona 2026, Deutsche Telekom IoT executive Benjamin Bastians told Capacity TV that companies can no longer treat IoT connectivity as a back...