AI-based e-commerce supplier qeen.ai introduced it has raised $10 million in funding, which it claims is likely one of the largest seed investments within the MENA area up to now.
The funding was led by Prosus Ventures, with participation from current buyers together with Wamda Capital, 10x Founders and Dara Holdings. This brings qeen.ai’s whole funding to $12 million.
The corporate stated the seed funding will help its progress technique by increasing the attain and capabilities of its agentic AI platform, scaling the workforce, and attracting a wider buyer base.
It stated it should broaden its current totally autonomous content material and advertising brokers to resolve a broader vary of challenges confronted by on-line companies.
Utilizing proprietary know-how, qeen.ai develops AI brokers that autonomously execute duties and optimise their outcomes primarily based on noticed person behaviour.
E-commerce companies can seamlessly work together with qeen.ai’s domain-expert brokers to hold out capabilities like content material creation, advertising and conversational gross sales.
Headquartered in Dubai, qeen.ai was based in 2023 by former Google and DeepMind colleagues Morteza Ibrahimi, Ahmad Khwileh, and Dina Alsamhan.
Morteza Ibrahimi, qeen.ai Co-founder and CEO, stated the corporate is proud to have the backing of Prosus Ventures and its current buyers as it really works in the direction of the imaginative and prescient of changing into the go-to clever know-how companion for e-commerce companies.
“By constructing AI options which can be each intuitive and accessible, we allow e-commerce companies of all sizes to scale, innovate, and thrive within the evolving digital financial system,” he stated.
The e-commerce market is experiencing accelerated progress globally, fueled by evolving shopper behaviours, superior digital fee programs and digitized logistics infrastructures.
In MENA, the market is projected to achieve $50 billion in 2025, with KSA and the UAE as the primary drivers of the increase, presenting important alternatives for companies able to scale.
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