Qeen.ai raises USD 2.2 mn in pre-seed funding round

UAE-based AI startup qeen.ai has raised USD 2.2 mn in a pre-seed funding round led by Wamda Capital, according to a press release. The round also saw participation from international and regional investors, including 10x Founder, Aditum and Dara Holdings, Jabbar Group, Phaze Ventures, and Eureka 460.

Where will the funds go? Qeen.ai will apply the funds to simplify intelligence commerce and to make its AI solutions more user friendly to e-commerce vendors of different sizes, the statement explained.

About Qeen.ai: Founded in 2023 by ex-Google employees Dina Alsmahan (LinkedIn), Ahmed Khwileh (LinkedIn), and Morteza Ibrahimi (LinkedIn), qeen.ai looks to provide accessible AI solutions for e-commerce to provide easy access to content, merchandising, and conversion optimization. The outfit provides no-code, native GenAI product discovery solutions to boost online sales and enhance customer lifetime value (LTV) for e-commerce businesses. The software learns from user interactions, improves itself autonomously and in real time, and applies multilingual AI models that are competent in Arabic. Current users have seen a 30% boost to their conversion rates on average, the statement said.