Artificial intelligence (AI) startup Qeen.ai, with its headquarters in the United Arab Emirates, raised $2.2 million in a pre-seed round led by Wamda Capital. Additionally, 10x Founders, Aditum and Dara Holdings, Jabbar Group, Phaze Ventures, and Eureka 460 were among the global and regional investors attending.
The startup said in a statement that the funds will support its plan to streamline intelligent commerce and make AI solutions affordable and easy to use for companies of all kinds. Intending to revolutionize the e-commerce industry globally and in the Middle East and North Africa (MENA) region, Qeen.ai offers AI solutions that are both self-sufficient and easily accessed by e-commerce enterprises.
Qeen.ai was founded in 2023 with the goal of utilizing generative AI (GenAI) to help customers find what they’re looking for easily and to empower merchants to provide seamless experiences for customers.
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Fadi Ghandour, CEO of Wamda Capital, commented:
“We believe that qeen.ai is well poised to achieve substantial growth and success, as it fulfills a crucial market need by providing businesses with accessible AI solutions that can significantly improve their revenue.”
He explained that the investment supports the company’s objective of developing creative entrepreneurs with the potential to have a big industry impact.
Co-founder and former Google media executive Dina Alsamhan said,
“We understand Saudi Arabia’s unique business problems because of our deep heritage. Our team at qeen.ai has unmatched expertise in generative AI and optimisation technologies and is dedicated to reinventing these issue spaces and creating cutting-edge solutions that alter how businesses communicate with their shoppers.”
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