In a major milestone for the MENA region, qeen.ai, an innovative AI startup, has secured $10 million in funding, one of the largest seed investments in the area to date. The funding round was led by Prosus Ventures, with significant contributions from existing investors such as Wamda Capital, 10x Founders, and Dara Holdings. This new investment elevates qeen.ai’s total funding to $12 million.
Founded in 2023 by former Google and DeepMind colleagues Morteza Ibrahimi, Ahmad Khwileh, and Dina Alsamhan, qeen.ai specializes in developing AI agents that autonomously execute tasks based on user behavior. These advanced AI solutions allow e-commerce businesses to automate tasks like content creation, marketing, and conversational sales, leading to substantial performance improvements.
The newly acquired funds will drive the expansion of qeen.ai’s AI platform, enhance its capabilities, scale the team, and attract a broader customer base. The company aims to address various challenges faced by online businesses, ensuring seamless interaction with its domain-expert AI agents.
The founders bring extensive global experience and a shared vision of leveraging AI to revolutionize e-commerce operations. “We are honored to have the support of Prosus Ventures and our other investors,” said Morteza Ibrahimi, Co-founder and CEO of qeen.ai. “Our goal is to become the leading intelligent technology partner for e-commerce businesses, helping them scale, innovate, and succeed in the digital economy.”
The e-commerce market is booming, particularly in the MENA region, where it is projected to reach $50 billion by 2025. With KSA and UAE as key growth drivers, qeen.ai’s AI solutions are poised to help businesses optimize operations, enhance customer experiences, and seize new growth opportunities.
Robin Voogd, Head of Middle East Investments at Prosus Ventures, commented, “AI Agents are transforming the global e-commerce landscape. Qeen.ai’s innovative approach and expert team make it a valuable partner for merchants in an AI-first world. We are excited about their potential to enhance digital shopping experiences.”
Since launching its Dynamic Content agent in Q2 2024, qeen.ai has served over 15 million users, generated more than 1 million SKU descriptions, and enabled merchants to achieve a 30% increase in sales.