Dubai, UAE-based AI startup qeen.ai, on Wednesday announced that the company has successfully secured a $2.2 million pre-seed funding. The company aims to deploy the funds towards transforming the global e-commerce landscape, starting from the MENA region by making AI solutions accessible and user-friendly for businesses of all sizes that are looking to boost their sales.
The funding round for qeen.ai round was led by Wamda Capital, with participation from international and regional investors, including 10X Founders, Aditum, Dara Holdings, Jabbar Group, Phaze Ventures, and Eureka 460.
Founded in August 2023 by ex-Google and ex-DeepMind professionals Dina Alsamhan, Ahmad Khwileh, and Morteza Ibrahimi, qeen.ai capitalises on the GenAI revolution and the rich expertise of its co-founders, to provide accessible and autonomous AI solutions tailored to e-commerce businesses.
According to the company, the e-commerce industry struggles to keep up with consumer demands in an era increasingly shaped by AI tools and the convenience they bring to everyday life. The notion of liquid expectations – where consumer expectations are shaped by the best experiences they have had across platforms and industries – has become the norm.
Businesses across the globe wish to synchronize with the AI trend and want to adapt their tech stack with the latest AI technologies, but many of them are not sure where to start or lack the resources to do it efficiently. This is where qeen.ai comes in, with its team of former Google and DeepMind experts who have been at the forefront of the GenAI revolution and have observed how the market has been evolving over the past decade. The company provides accessible and autonomous AI solutions tailored to e-commerce businesses of all sizes.
“We are thrilled to back qeen.ai in their mission to disrupt the e-commerce space in the MENA region,” says Fadi Ghandour, the CEO of Wamda Capital, adding, “We believe that queen.ai is well poised to achieve substantial growth and success, as it fulfills a crucial market need by providing businesses with accessible AI solutions that can significantly improve their revenue, thanks to the founder team’s expertise in AI and their deep understanding of e-commerce challenges.
“This investment aligns perfectly with our mission to support innovative entrepreneurs who have the ability to make a significant impact on the industry,” Ghandour added.
Speaking of qeen.ai, Dina Alsamhan, co-founder and the former head of Google’s media business in Saudi Arabia, stated,
“We have deep roots in the region and understand the unique challenges faced by businesses here. Our team at qeen.ai has unrivalled expertise in generative AI and optimization technologies, and is committed to reimagining these problem spaces and addressing them by providing cutting edge solutions that fundamentally transform the way businesses connect with their shoppers.”
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