The startup, qeen.ai, founded by former Google and DeepMind experts, has raised $2.2 million in pre-seed funding to drive the transformation of the global e-commerce landscape, starting in the MENA region. The funding announcement comes along with its launch announcement.
The $2.2 million investment will fuel qeen.ai’s mission to simplify intelligent commerce. Its goal is to make AI-solutions user-friendly and accessible for businesses of all sizes that want to boost their sales.
Fadi Ghandour, founder and CEO of Wamda Capital—qeen.ai’s lead investor—commented: “ Their unique blend of advanced AI expertise and deep understanding of e-commerce challenges fills a critical market need, offering businesses accessible AI solutions that tangibly boost their toplines. We believe in qeen.ai’s potential to drive significant regional growth and success, aligning with our mission to back visionary entrepreneurs poised to make a major industry impact.”
The e-commerce industry struggles to keep pace with evolving consumer demands in an era increasingly shaped by AI tools. The concept of liquid expectations—where consumers expect the best experiences they’ve had across platforms and industries—has become the norm. Businesses recognize this trend and want to integrate the latest AI technologies but often lack the resources or knowledge to do so efficiently.
Dina Alsamhan, co-founder and former head of Google’s media business in Saudi Arabia, stated: “We have deep roots in the region and understand the unique challenges businesses face here. Our team at qeen.ai has unrivalled expertise in generative AI and optimization technologies. It is committed to reimagining and addressing these problem spaces by providing cutting-edge solutions that fundamentally transform how businesses connect with their shoppers.”
Enter qeen.ai with a team of seasoned experts who have been at the forefront of the GenAI revolution and have keenly observed market evolution over the past decade. The company provides accessible and autonomous AI solutions tailored to e-commerce businesses of all sizes.
Addressing a crucial gap in e-commerce, qeen.ai offers no-code, native GenAI solutions to enhance online sales and customer lifetime value (LTV) for e-commerce businesses. Their dynamic content product leverages state-of-the-art AI tailored for e-commerce across verticals.
By learning from user interactions, the content autonomously improves in real-time in multiple languages without manual intervention. Additionally, qeen.ai’s generative search functionality surpasses traditional keyword-focused tools, delivering a superior search experience for the GenAI era.
With its multilingual AI models that excel at understanding the nuances of the Arabic language, qeen.ai provides a unique advantage in a market often underserved by existing solutions. Current customers have witnessed significant improvements in conversion rates, with an average uplift of 30 per cent.
qeen.ai envisions a future where customers can effortlessly find what they seek, and merchants can offer seamless, winning experiences to their shoppers by harnessing the full potential of GenAI and optimization technologies in an accessible and simple way.
