{"id":39398,"date":"2025-02-04T14:33:54","date_gmt":"2025-02-04T11:33:54","guid":{"rendered":"https:\/\/entarabi.com\/?p=39398"},"modified":"2025-02-04T14:52:13","modified_gmt":"2025-02-04T11:52:13","slug":"qeen-ai-has-secured-10-million-in-funding-through-a-round-led-by-prosus-ventures","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2025\/02\/qeen-ai-has-secured-10-million-in-funding-through-a-round-led-by-prosus-ventures\/","title":{"rendered":"qeen.ai has secured $10 million in funding through a round led by Prosus Ventures"},"content":{"rendered":"<ul>\n<li dir=\"ltr\" style=\"text-align: left;\"><strong>qeen.ai successfully raises $10 million in investment round to support AI-driven e-commerce.<\/strong><\/li>\n<li dir=\"ltr\" style=\"text-align: left;\"><strong>The deal includes major companies led by Prosus Ventures, along with prominent investors Wamda Capital, 10x Founders, and Dara Holdings.<\/strong><\/li>\n<li dir=\"ltr\" style=\"text-align: left;\"><strong>The round aims to improve AI technologies to support e-commerce in MENA.<\/strong><\/li>\n<\/ul>\n<p dir=\"ltr\" style=\"text-align: left;\">qeen, is a leading provider of agentic AI solutions for e-commerce, announces it has raised $10M in funding\u00a0 &#8211; one of the largest seed investments in the MENA region to date.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The funding was led by Prosus Ventures, with existing investors including Wamda Capital, 10x Founders and Dara Holdings also participating in the round.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The funding will support the Company\u2019s growth strategy by expanding the reach and capabilities of its agentic platform product suite, scaling the team, and attracting a wider customer base.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">This includes building on its existing fully autonomous content and marketing agents, to address a broader spectrum of challenges faced by online businesses.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Headquartered in Dubai, qeen was founded in 2023 by former Google &amp; DeepMind colleagues Morteza Ibrahimi, Ahmad Khwileh, and Dina Alsamhan.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The founding team combines global experience and deep expertise in AI and e-commerce to drive its bold vision of harnessing AI&#8217;s power to revolutionize e-commerce.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Morteza Ibrahimi, qeen Co-founder and CEO stated:\u201cWe 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&#8221;.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">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.\u201d<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The e-commerce market is experiencing accelerated growth in MENA, fueled by evolving consumer behaviors and advanced digital payment systems and logistics infrastructures, particularly in the GCC.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The market is projected to reach $50 billion in 2025, with KSA and the UAE as the main drivers of the boom, presenting significant opportunities for businesses ready to scale.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">qeen\u2019s AI-powered solutions are at the forefront of this transformation, empowering businesses to optimize their operations, enhance customer experiences, and unlock new growth opportunities in an increasingly competitive landscape.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Robin Voogd, Head of Middle East Investments at Prosus Ventures commented:\u201cAI Agents are redefining the landscape of global marketplaces for online merchants, and qeen is well-placed to unlock this technology for merchants in an AI-first world.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The company has demonstrated an innovative approach to bringing AI to the e-commerce industry and is backed by an expert founding team.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">We believe they provide significant value to merchants focused on delivering a strong digital shopping experience across countries or language barriers.\u201d<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Using proprietary technology, qeen develops AI agents that autonomously execute tasks and optimize their outcome based on observed user behavior.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">E-commerce businesses can seamlessly interact with these domain-expert agents to carry out functions like content creation, marketing and conversational sales.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">This enables merchants to easily automate and optimize e-commerce tasks in a way that brings in performance uplifts that are not achievable with human operation or conventional AI applications.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Since launching its Dynamic Content agent in Q2 2024, qeen has served over 3 million users, generating more than 200,000 SKU descriptions, and enabling merchants achieve 30% uplift in sales.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The company has raised a total of $12.2 million in pre-seed and seed funding from regional and global investors including Prosus Ventures, Wamda Capital, 10x Founders, Dara Holdings, Aditum, Phaze Ventures, Jabbar Group, Eureka460 Partners, and Sat Capital.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>qeen, is a leading provider of agentic AI solutions for e-commerce, announces it has raised $10M in funding\u00a0 &#8211; one of the largest seed investments in the MENA region to date.<\/p>\n","protected":false},"author":11,"featured_media":39399,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1809,1772],"tags":[6921,6832,6923,6922],"class_list":["post-39398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-commerce","category-startups","tag-10x-founders","tag-dara-holdings-en","tag-prosus-ventures-en","tag-wamda-capital-en"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/39398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=39398"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/39398\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/39399"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=39398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=39398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=39398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}