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Aramco Ventures to Open New Office in Paris

Aramco Ventures, the venture capital division of Aramco, has recently announced an exciting development: the establishment of a new office in Paris, set to launch in 2026. This significant expansion highlights Aramco's dedication to global innovation as it seeks to invest in transformative technologies and diversify its business model in line with future energy needs.

Commitment to Innovation

With a robust capital allocation exceeding $7 billion, Aramco Ventures plays a pivotal role in identifying innovative startups and technology solutions across various industries. The upcoming Paris office is strategically positioned to tap into the dynamic innovation ecosystem of France and Europe, which is gaining recognition for its advancements in artificial intelligence, cybersecurity, industrial digitization, and quantum computing.

Paris: A Hub for Tech Advancement

France is quickly establishing itself as a leading hub for AI and digital technology in the EU. Government initiatives, coupled with a mature ecosystem comprising startups, universities, and investors, have catalyzed this transformation. Noteworthy programs like the National Quantum Strategy and substantial national investments in AI further reinforce France's position as a prime destination for global tech investment.

Paris-Saclay University, known for its exceptional leadership in mathematics, physics, and engineering, ranks as one of Europe's top institutions, while innovation platforms such as Station F stand out as the world's largest startup campus. These resources are invaluable to Aramco Ventures as they seek to foster transformative technological advancements.

Insights from Leadership

Ahmad O. Al Khowaiter, Executive Vice President of Technology Innovation and Chairman of Aramco Ventures, emphasized the company's commitment to addressing some of the world's most pressing challenges through advanced technologies. "Aramco Ventures is at the forefront of funding startups spearheading innovation in fields ranging from sustainability to industrial AI. Our initiatives support Aramco's diversification efforts and enhance its competitive advantage. Expanding to Paris allows us to broaden our international presence and contribute to significant scientific and technological progress in France, which stands as one of Europe’s top venture capital markets along with the broader EU region,” he stated.

Building on Previous Success

Aramco’s foray into the French research ecosystem is not entirely new; the company operates a fuel research center in Paris that focuses on sustainable energy, transport, and environmental solutions. Additionally, Aramco Ventures has already invested in two French startups: Pasqal, which specializes in quantum computing, and Prophesee, known for its neuromorphic vision platform that enhances video processing efficiency. The Paris office aims to deepen partnerships with founders, institutions, and investors to further scale next-generation technological innovations in AI, quantum technology, deep tech, and sustainability.

About Aramco Ventures

As the corporate venturing arm of Aramco, one of the world’s largest integrated energy and chemicals firms, Aramco Ventures is dedicated to investing globally in high-growth companies with technologies vital for supporting Aramco's goals. Headquartered in Dhahran, the firm has a presence across North America, Europe, and Asia, focusing on operational decarbonization, new lower-carbon fuels, and digital transformation initiatives. Additionally, it manages Prosperity7, a program designed to invest in disruptive technologies.

For more details on Aramco Ventures and its initiatives, visit www.aramcoventures.com.