Orange is investing in the “Move Capital I” fund in an effort to support future B2B tech “champions” in Europe. The investment, which was for an undisclosed amount, is being made via the holding company Orange Digital Investments into Move Capital, which is active in fields such as IoT, artificial intelligence (AI), cyber security and data analytics. Orange Business Services and Move Capital share a common vision: to assist, support and finance French and European tech companies in the digital B2B sector to facilitate their development and emergence and ensure European technological sovereignty. Orange notes that the B2B tech ecosystem is during an evolution, due to developments such as 5G, the data boom, migration of services to the cloud, the rise of connected objects and the need for cybersecurity to protect it all.
The digital economy is restructuring around an ecosystem of partners whose aim is to combine the best technologies in the market to cover the needs of innovative companies across the entire value chain. With Orange Business Services, there is a common vision and a willingness to support the emergence of French and European tech companies to further strengthen that ecosystem. Last year, Orange invested in the “Venture Reality Fund II” to promote immersive technologies and speed the development of new 5G services. That investment, which was also run through Orange Digital Investment, was designed to let the company back technologies in the XR (extended reality) sector, such as AI, augmented reality, and mixed reality.