Aramco Venture Capital Paris arm announced it will open a new office in 2026 to manage artificial intelligence investments across Europe. This office aims to oversee hundreds of millions of euros in AI funding, focusing on deepening collaboration with startups and technology centers in France and the broader European region. The move aligns with Aramco’s strategy to boost innovation and expand its presence in advanced technology sectors.
Paris as an AI Innovation Hub
Paris was selected due to its growing AI ecosystem, strong government backing, and successful startups like Mistral. The city offers access to top talent and a vibrant innovation landscape in artificial intelligence, cybersecurity, quantum computing, and industrial digitization. Aramco Ventures plans to leverage this vibrant environment to scale investments and foster new scientific and technological progress.
Building on French Investments
Aramco has already invested in French startups, including Pasqal, a quantum computing company, and Prophesee, known for neuromorphic vision technology. The Paris office will strengthen ties with founders, institutions, and investors, enabling Aramco Ventures to drive development in AI, quantum computing, deep tech, and sustainability fields.
Strategic Expansion for Diversification
With over $7 billion in allocated capital, Aramco Ventures supports Aramco’s objectives in decarbonization, lower-carbon fuels, and digital transformation. The new office enhances Aramco’s competitive edge by embedding it deeper into Europe’s top venture capital markets, aligning energy sector innovation with advanced tech investments.
Enhanced Support for Startups and Industrial AI
The Paris office will focus on early-stage and high-growth startups in AI, industrial applications, and cybersecurity. Aramco Ventures provides not only financial backing but also access to Aramco’s operational expertise and global network, including entry to the Middle East energy markets. This unique value proposition enables startups to accelerate product development and scale worldwide.
Long-Term Vision and Industry Impact
Aramco’s deep commitment to AI aligns with its net-zero operational emissions target by 2050. The company envisions AI as a key enabler for smart grids, renewable energy forecasting, predictive maintenance, and sustainability innovations. Its long-term strategy includes establishing AI “factories” and commercializing industrial AI solutions through Aramco Digital, further solidifying its position as a technology-driven energy leader.
The establishment of the Paris office marks a critical step in Aramco’s global AI expansion, fostering Franco-Saudi tech collaboration and contributing significantly to Europe’s AI ecosystem growth. This initiative highlights Aramco Ventures’ role in driving both financial returns and strategic innovation in a competitive international landscape.
