Dubai-based AI platform qeen.ai has raised $10 million in seed funding, marking it as one of the largest early-stage investments in the MENA region. Prosus Ventures led the funding round, with participation from Wamda Capital, 10x Founders, and Dara Holdings. This investment brings qeen.ai’s total funding to $12 million, strengthening its position in the AI-driven e-commerce space.
Expanding AI Solutions for E-Commerce
Founded in 2023 by former Google and DeepMind colleagues Morteza Ibrahimi, Ahmad Khwileh, and Dina Alsamhan, qeen.ai develops AI-powered autonomous agents. These agents help e-commerce businesses with tasks like content creation, marketing, and conversational sales. Through its proprietary technology, qeen.ai allows businesses to optimize their operations and improve customer interactions.
With the new funding, qeen.ai plans to expand its platform and grow its team. The company will address more challenges faced by online retailers, allowing them to streamline their processes and improve efficiency.
Investor Support and Market Potential
Morteza Ibrahimi, CEO of qeen.ai, expressed excitement about the backing from Prosus Ventures and other investors. He emphasized that qeen.ai aims to offer intuitive and scalable AI solutions for e-commerce businesses.
He said: “Our mission is to build AI tools that are easy to use, helping businesses of all sizes grow, innovate, and thrive in the digital economy.”
The MENA e-commerce market is growing rapidly, with projections showing it could reach $50 billion by 2025. The UAE and Saudi Arabia are major drivers of this growth, creating opportunities for companies like qeen.ai to expand.
With its innovative approach to AI automation, qeen.ai is poised to take advantage of the region’s expanding digital retail landscape. By helping businesses scale and succeed, the company is contributing to the future of the e-commerce industry.
