AI solutions provider qeen.ai raised $10 M Seed funding from Wamda Capital, others
Leading e-commerce agentic AI solutions provider qeen.ai reports raising $10 million in funding, one of the biggest seed investments made in the MENA region to date. With participation from current investors Wamda Capital, 10x Founders, and Dara Holdings, Prosus Ventures spearheaded the funding. The total amount of funding for qeen.ai now stands at $12 million.
Qeen.ai creates AI agents with proprietary technology that carry out tasks on their own and optimize their results based on user behavior observations. Qeen.ai’s domain-expert agents can be easily used by e-commerce companies to perform tasks like marketing, conversational sales, and content creation. By doing this, retailers can easily automate e-commerce tasks and achieve performance improvements that are beyond the scope of traditional AI applications or human operation.
By growing the team, bringing in more clients, and enhancing the capabilities of its agentic AI platform, the seed money will help qeen.ai achieve its growth goals. The company plans to build on its current fully autonomous marketing and content agents in order to address a wider range of issues that online businesses encounter.
In 2023, Morteza Ibrahimi, Ahmad Khwileh, and Dina Alsamhan—all former Google & DeepMind colleagues—founded qeen.ai, which has its headquarters in Dubai. The founding team has extensive experience in e-commerce and artificial intelligence (AI), as well as time spent in the San Francisco Bay area. They also have a common goal of using AI’s transformative potential to enable radically new methods of running and expanding an online business.
Morteza Ibrahimi, qeen.ai co-founder and CEO, stated:
“We are proud to have the backing of Prosus Ventures and our existing investors as we work towards our vision of becoming the go-to intelligent technology partner for e-commerce businesses. By building AI solutions that are both intuitive and accessible, we enable e-commerce businesses of all sizes to scale, innovate, and thrive in the evolving digital economy.”
Advanced digital payment systems, digitalized logistics infrastructures, and changing consumer behaviors are all contributing to the e-commerce market’s rapid global expansion. With the UAE and KSA leading the charge, the MENA market is expected to reach $50 billion by 2025, offering substantial prospects for companies prepared to grow. Qeen.ai’s AI agents are at the vanguard of this shift, enabling companies to streamline operations, improve client experiences, and seize fresh chances for expansion in a market that is becoming more and more competitive.
Robin Voogd, Head of Middle East Investments at Prosus Ventures, commented:
“As one of the largest e-commerce and marketplace investors in the world, we’ve seen firsthand how AI agents are redefining the landscape of global marketplaces for online merchants. There’s a huge opportunity, and we believe and qeen.ai is well-placed to unlock this technology for merchants in an AI-first world. The company has demonstrated an innovative approach to bringing AI to the e-commerce industry and is backed by an expert founding team. They will provide significant value to merchants focused on delivering a strong digital shopping experience across countries.”
Over 15 million users have benefited from qeen.ai since the launch of its Dynamic Content agent in Q2 2024, which has produced over 1 million SKU descriptions and helped merchants increase sales by 30%.
