Paris, 20th February 2025 – Aramco Ventures and Bpifrance have signed a strategic Memorandum of Understanding (MoU) to co-invest in French technology companies. The announcement was made at the AI Action Summit, held in Paris, where global leaders, policymakers, and industry pioneers convened to shape the future of artificial intelligence and innovation.
This partnership marks the first collaboration between Aramco Ventures and Bpifrance, reflecting their shared commitment to fostering technological advancements and supporting high-potential startups. The agreement paves the way for co-investments in key sectors such as artificial intelligence, quantum computing, digital transformation, and industrial innovation. The collaboration will also enable knowledge exchange and joint exploration of emerging technologies.
Mahdi Aladel, CEO of Aramco Ventures, said, “We are excited to collaborate with Bpifrance in our exploration of France’s technology and innovation ecosystem, seeking promising investment opportunities.”
Mr Nicolas Dufourcq, CEO of Bpifrance, said: “Our partnership with Aramco Ventures will be a significant opportunity to support the growth of French deeptech companies in the fields of AI, digital, quantum, and industry. This strategic partnership will enhance our ability to innovate and contribute to the global AI ecosystem."
Nicolas Dufourcq, CEO of Bpifrance and Mahdi Aladel, CEO of Aramco Ventures
signing the MoU at the AI Action Summit in Paris
