Qeen.ai, a Dubai-based AI startup, announced the successful closing of a $10 million seed funding round. The investment is led by Prosus Ventures with participation from existing investors Wamda Capital, 10x Founders, and Dara Holdings. It marks the increasing confidence in AI-driven solutions that are specifically designed for the e-commerce industry.

Founded in May 2023 by alumni from Google and DeepMind—Morteza Ibrahimi, Ahmad Khwileh, and Dina Alsamhan-Qeen.ai focuses on the building of autonomous AI agents that can make processes in e-commerce easier. 

Founded to reduce workflows with accessible and autonomous AI, Qeen.ai aims at enabling online merchants who can utilize AI technology for tasks such as content creation, marketing, and conversational sales. In addition, this improves efficiency and encourages growth.

The leadership at Qeen.ai includes a trio of seasoned professionals:

Morteza Ibrahimi: CEO. A background in AI research and development, Ibrahimi is leading the strategic vision and technological innovation of the company.

Ahmad Khwileh: CTO. Khwileh has extensive experience in AI systems architecture, overseeing the development and deployment of Qeen.ai’s autonomous agents.

Dina Alsamhan (CBO): With experience in business operations and market strategy, Alsamhan oversees the company’s initiatives to adapt its solutions to the needs of the market and boost business.

Funding detail

The seed round, which amounted to $10 million, was led by Prosus Ventures. This is a global consumer internet group and one of the biggest technology investors . Other investors participating in the round are Wamda Capital, 10x Founders, and Dara Holdings. In total, Qeen.ai raised $12 million in funding. 

The size of the seed round is one of the largest to be reported in the MENA region to date. The level of investment suggests the size of the opportunity perceived by Qeen.ai in terms of e-commerce automation innovation.

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Market Context

The global e-commerce market continues to rapidly grow driven by changing consumers’ behaviors, advancement in digital payments and logistics improvements. The MENA region will see e-commerce revenue reach $50 billion by 2025 and is considered a great contribution by Saudi Arabia and the UAE. 

The current situation provides a significant opportunity for businesses that use AI-driven solutions to realize efficiency and competitiveness.  Qeen.ai’s autonomous AI agents are good for that. The system gives merchants the capacity to automate and optimize a lot of aspects surrounding their business. 

Qeen.ai’s Product Offerings

Qeen.ai creates proprietary AI agents that can autonomously do work and optimize results depending on user behavior observed. These are domain experts who help e-commerce businesses automate functions like:

• Content Creation: Generating high-quality, SEO-optimized product descriptions and other content to enhance online visibility and customer engagement.
• Marketing: Automating and personalizing marketing campaigns across various channels to maximize reach and effectiveness.
• Conversational Sales: Engaging customers through personalized interactions to assist in the shopping journey and drive conversions.

By integrating these agents, merchants can achieve performance improvements beyond the capabilities of traditional human operation or conventional AI applications.

Future Plans

With the influx of new capital, Qeen.ai is looking to scale and expand the reach and capabilities of its agentic AI platform. The company will scale its team, enhance its technology, and attract a broader customer base.

Future developments include expanding on its existing fully autonomous content and marketing agents to address a wider range of challenges faced by online businesses. This strategic growth will further steer Qeen.ai to be one of the leading providers of AI-based e-commerce solutions.