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  2. Qeen.ai raises $2.2mn pre-Seed round

Qeen.ai raises $2.2mn pre-Seed round

NOHA.GAD
Jun 5, 2024
Qeen.ai raised a $2.2 million pre-Seed round led by Wamda Capital

Dubai - Sharikat Mubasher: Qeen.ai, an artificial intelligence (AI) startup based in UAE, secured $2.2 million in a pre-seed round led by Wamda Capital, with participation from global and regional investors, including 10x Founders, Aditum and Dara Holdings, Jabbar Group, Phaze Ventures, and Eureka 460.

In a statement, the startup said the funding will fuel its strategy to simplify intelligent commerce, making AI solutions accessible and user-friendly for businesses of all sizes

Qeen.ai aims to transform the e-commerce landscape in the Middle East and North Africa (MENA) region and the world by providing accessible and autonomous AI solutions tailored to e-commerce businesses.

Dina Alsamhan, Co-founder of Qeen.ai, affirmed the company’s commitment to tackling challenges facing businesses in the region by providing leading-edge solutions that fundamentally transform the way businesses connect with their shoppers.

For his part, Fadi Ghandour, CEO of Wamda Capital, commented: “We believe that qeen.ai is well poised to achieve substantial growth and success, as it fulfills a crucial market need by providing businesses with accessible AI solutions that can significantly improve their revenue.”

He clarified that the investment aligns with the company’s mission to enhance innovative entrepreneurs who can significantly impact the industry.

Founded in 2023, Qeen.ai aims to help customers find what they seek effortlessly and enable merchants to offer seamless experiences to shoppers by harnessing the potential of generative AI (GenAI).

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