Qeen.ai Closes Pre-Seed Funding Round of $2.2 Million Led by Wamda Capital
UAE-based qeen.ai, a leader in AI and e-commerce, announced the closure of its pre-seed funding round, raising $2.2 million. This round was led by Wamda Capital, with participation from a group of local and international investors including 10X Founders, Dara Holdings, Jabbar Group, Phaze Ventures, and Eureka 460.
Founded in 2023 by Dina Al-Samhan, Ahmad Khweila, and Murtaza Ibrahimi, all former experts at Google and DeepMind, qeen.ai aims to provide innovative solutions and exceptional services to e-commerce companies using advanced AI technologies. This funding round supports the company’s vision of simplifying e-commerce and offering effective, user-friendly solutions for businesses of all sizes.
Challenges and Solutions Offered by qeen.ai
The e-commerce industry faces significant challenges in meeting the changing demands of consumers in the age of AI. Customers expect the best experiences and services tailored to their personal needs. qeen.ai understands this reality and aims to provide innovative solutions for companies that must effectively integrate AI technologies into their infrastructure.
Qeen.ai offers practical solutions that fill significant market gaps, contributing to a qualitative leap in e-commerce. These solutions rely on enhancing search technologies and displaying products using AI, leading to increased sales and higher lifetime value (LTV) for customers.
qeen.ai’s Future Vision
Qeen.ai aims to provide intelligent solutions that make it easy for customers to find what they want and help merchants offer their services and products in innovative and seamless ways. The company delivers dynamic product content by integrating advanced AI technologies and improves search engines to provide precise and effective results.
Qeen.ai’s clients have seen an average increase of 30% in conversion rates, demonstrating the effectiveness of the company’s solutions. The company is distinguished by its multilingual AI models capable of understanding the complexities of the Arabic language, enhancing its ability to serve the local market efficiently.
Investment Remarks
Fadi Ghandour, CEO of Wamda Capital, commented: “We have full confidence in qeen.ai’s ability to achieve significant growth and success, as it meets a critical market need by providing innovative and accessible e-commerce solutions, thanks to the founding team’s expertise in AI and their deep understanding of the sector’s challenges.”
He added: “Our decision to invest in qeen.ai aligns perfectly with our vision of supporting innovative entrepreneurs who have the potential to make a significant impact on the industry.”
Founders’ Statements
Dina Al-Samhan, co-founder and former head of Google’s advertising business in Saudi Arabia, said: “We have a deep connection and understanding of the region and the various challenges companies face here. Our team at qeen.ai has unparalleled expertise in AI technologies and optimization techniques, and we are here to provide the best innovative solutions and make a radical change in how companies interact with their customers.”
Qeen.ai will utilize the recent funding to realize its vision of simplifying e-commerce and providing innovative, effective, and user-friendly AI solutions for businesses of all sizes, aspiring to boost their sales and revolutionize the e-commerce market in the Middle East and North Africa.
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