Phaze Ventures today announced its’ investment into Qeen.ai, a UAE based generative AI startup founded in 2023 to make autonomous and intelligent e-commerce possible with no-code solutions. The $2.2 million USD pre-seed round was led by Wamda Capital, and backed by other venture and strategic investors including 10x Founders, Jabbar, and others.
Qeen.ai was co-founded by CEO Morteza Ibrahimi (ex-Deepmind researcher and Stanford Professor), CBO Dina Alsamhan (ex-Head of Google Saudi), and CTO Ahmad Khwileh (ex-Google MENA Data Science Lead), bringing decades of AI and Datascience experience together.
The company’s no-code GenAI solutions boost online sales and customer lifetime value for e-commerce businesses by creating dynamic content specifically tailored for e-commerce verticals. By learning from user interactions, the content is autonomously improved in real time and in multiple languages – without the need for 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 are specifically trained at understanding nuances of the Arabic language, Qeen.ai offers a unique advantage in a market often underserved by existing solutions; and their dynamic content optimization and intelligent search solutions are helping our clients achieve an average uplift of 30% on their add-to-cart rates.
Commenting on the investment round, Dina Al Samhan, Co-founder and CBO, stated: “We have deep roots in the region and understand the unique challenges faced by businesses here. Our team at qeen.ai has unrivalled expertise in generative AI and optimisation technologies, and is committed to reimagining these problem spaces and addressing them by providing cutting edge solutions that fundamentally transform the way businesses connect with their shoppers.”
Masoud Al-Rawahi, Co-Founder & Partner at Phaze Ventures, added: “We are excited to back such an exceptional team and look forward to working closely with them on their AI roadmap. Deploying GenAI to solve real-world business challenges is something we are very excited about.”
About Qeen
Qeen.ai was co-founded by CEO Morteza Ibrahimi, CBO Dina Alsamhan, and CTO Ahmad Khwileh to create a future where technology simplifies and streamlines online commerce so that things like content, merchandizing and conversion optimization become implicit, autonomous, and accessible to all.
To learn more about Qeen visit http://www.qeen.ai