AI Startup Qeen. ai Secures $2. 2 Million to Revolutionize E-commerce

United Arab Emirates-based artificial intelligence (AI) company qeen. ai has secured $2. 2 million in funding to transform the e-commerce landscape across the Middle East and North Africa (MENA) region and beyond. The investment round was spearheaded by Wamda Capital, a prominent venture capital firm. Joining them were international and regional investors, including 10x Founders, Aditum, Dara Holdings, Jabbar Group, Phaze Ventures, and Eureka 460.

Founded in 2023 by a team boasting experience at Google and DeepMind - Dina Alsamhan, Ahmad Khwileh, and Mortez Ibrahimi - qeen. ai offers user-centric AI solutions tailored for e-commerce businesses. Their core product, GenAI, is a no-code solution designed to empower businesses of all sizes with user-friendly AI tools that enhance product discovery for online consumers. This innovation has the potential to significantly boost online sales and customer lifetime value (LTV) for businesses that leverage it.

The funding will be instrumental in propelling qeen. ai's mission of simplifying intelligent commerce. Their focus lies in democratizing AI solutions, making them accessible and straightforward to use for businesses seeking to elevate their sales figures. This investment comes at a time when the UAE's e-commerce market is experiencing a surge. According to market research firm Statista, the sector is anticipated to witness an annual growth rate of 8. 63% in the near future, with a projected market volume reaching $10. 56 billion by 2029.

qeen. ai's founding team brings a wealth of expertise to the table. Alsamhan, Khwileh, and Ibrahimi's experience at industry giants like Google and DeepMind positions them to be at the forefront of AI development. Their understanding of the e-commerce landscape, coupled with their technical prowess, empowers them to create solutions that address the specific needs of online retailers.

GenAI, qeen. ai's flagship product, stands out for its user-friendly interface. It eliminates the need for complex coding, making it accessible to businesses of all technical backgrounds. This no-code approach allows businesses to seamlessly integrate AI into their operations, reaping the benefits of intelligent product discovery without the burden of extensive technical expertise.

The investment in qeen. ai reflects the growing confidence in the potential of AI to revolutionize the e-commerce industry. With its user-centric approach and commitment to democratizing AI solutions, qeen. ai is poised to play a significant role in shaping the future of online shopping, not just in the MENA region but across the globe.