Thursday July 18th, 2024
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UAE-Based AI Startup qeen.ai Raises $2.2M in Pre-Seed Funding

The funding is led by Wamda Capital, with participation from international and regional investors.

Laleh Bergman Hossain

UAE-based AI startup qeen.ai has secured a $2.2 million in pre-Seed funding. The funding is led by Wamda Capital, with participation from international and regional investors, including 10x Founders, Aditum and Dara Holdings, along with Jabbar Group, Phaze Ventures and Eureka 460.

Founded in 2023 by Dina Alsamhan, Ahmad Khwileh and Morteza Ibrahimi, queen.ai provides an accessible and autonomous AI solution tailored to e-commerce businesses. queen.ai will use the new funds to fuel its mission to simplify intelligent commerce, making AI solutions accessible and user-friendly for 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. “We believe that qeen.ai is well poised to achieve substantial growth and success, as it fulfils 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."

The startup looks to address a crucial gap in e-commerce, offering no-code, native GenAI product discovery solutions to boost online sales and customer lifetime value for e-commerce businesses. Its multilingual AI models are apt at understanding the nuances of the Arabic language, offering an advantage in the MENA market.

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