With Backing from Prosus Ventures and Key Investors, qeen.ai Aims to Revolutionize E-Commerce in MENA Using Advanced AI Solutions
In a significant move for the MENA tech ecosystem, qeen.ai, a Dubai-based AI-powered e-commerce startup, has successfully raised $10 million in one of the largest seed investments in the region’s history. The round was led by Prosus Ventures, a global investor known for its backing of high-potential tech ventures, with additional participation from Wamda Capital, 10x Founders, and Dara Holdings.
Founded in 2023 by a talented team of former Google and DeepMind colleagues—Morteza Ibrahimi, Ahmad Khwileh, and Dina Alsamhan—qeen.ai leverages cutting-edge artificial intelligence to offer innovative solutions for the e-commerce sector. With a keen focus on transforming online retail experiences, qeen.ai aims to bridge the gap between consumer needs and efficient product discovery, using AI to personalize shopping journeys like never before.
This significant funding milestone marks a pivotal moment for qeen.ai, propelling the company into a new phase of expansion. The funding will be used to enhance its platform’s capabilities, scale its operations across the Middle East and North Africa (MENA) region, and further develop its AI-driven product offerings.
Morteza Ibrahimi, co-founder of qeen.ai, shared his excitement about the funding, stating, “This investment is a testament to the potential of our platform and the exciting future of AI-driven e-commerce in MENA. With Prosus Ventures and our other investors on board, we’re poised to deliver solutions that will redefine how consumers shop and interact with brands online.”
The MENA region, with its fast-growing e-commerce market, is seen as a prime testing ground for innovative solutions in retail technology. qeen.ai’s success can be attributed to its focus on creating a seamless, personalized shopping experience for both consumers and businesses. As online shopping behavior evolves, leveraging AI for predictive analytics, recommendation engines, and personalized customer interactions is becoming a key differentiator in the highly competitive e-commerce landscape.
Shaping the Future of E-Commerce in MENA
By utilizing advanced AI algorithms, qeen.ai is able to analyze vast amounts of customer data to provide tailored recommendations and streamline the purchasing process. This improves conversion rates, enhances customer satisfaction, and helps e-commerce platforms deliver more efficient and personalized services.
With a combination of strong regional expertise and a visionary approach to AI integration, qeen.ai is poised to capture a significant share of the rapidly growing e-commerce market in the MENA region. The platform’s innovative approach has already attracted the attention of major investors, and the fresh capital will enable the company to push forward with aggressive expansion plans.
This latest funding also underscores the growing interest in the MENA tech ecosystem, where AI-based startups are gaining traction due to the region’s increasing reliance on technology and digital transformation. The MENA e-commerce market is estimated to continue its rapid growth, making it an attractive destination for investors looking to capitalize on the next wave of technological innovation.
Investors Show Confidence in MENA’s AI Future
The backing of Prosus Ventures, a prominent global investor with a rich portfolio of tech startups, signifies a vote of confidence in both qeen.ai and the broader potential of the MENA region’s startup ecosystem. Alongside Prosus Ventures, Wamda Capital, 10x Founders, and Dara Holdings are seasoned investors with a track record of supporting disruptive startups in emerging markets, particularly in the tech and e-commerce sectors.
As qeen.ai moves forward with its mission to disrupt the region’s e-commerce space, it continues to work with its investors and partners to unlock new growth opportunities, enhance product offerings, and scale operations across multiple markets.
A Bright Future Ahead
With this $10 million investment in hand, qeen.ai is on track to become a key player in the rapidly evolving e-commerce landscape. As the company continues to refine its platform and expand its reach, it is set to play a major role in shaping the future of online shopping in the MENA region and beyond.
As the digital retail space becomes increasingly crowded, companies like qeen.ai that harness the power of artificial intelligence to provide innovative solutions will be at the forefront of transforming the consumer experience.
