US tech fund commits $10m to Pakistani tech entrepreneurs

KARACHI: The US-based JR Dallas Tech Fund has committed $10 million to two leading Pakistani IT entrepreneurs -- Mehwish Salman Ali and Malik Mudassir -- to lead a startup investment initiative focused on the American market.

Under this agreement, Mehwish and Malik will serve as lead investment partners with full authority to deploy capital across high-growth sectors including artificial intelligence, cloud computing, digital health and frontier technologies. The goal is to back startups aiming to scale or expand in the US.

“We are entrusting $10 million to two of the most visionary technology leaders of our generation,” said Managing Partner at JR Dallas Tech Fund Jehangir A Raja. “They bring the perfect mix of technical expertise, entrepreneurial success and market insight.”

The initiative aims to generate 300-500 high-skilled tech jobs in the US within two years. The selected startups are projected to contribute $50-$100 million in economic activity within three years, particularly in AI, healthcare and digital infrastructure.

Mehwish Salman Ali is known for Data Vault, the country’s first solar-powered, quantum-encrypted AI data centre. She also co-founded Zahanat AI, Pakistan’s first GPT model, and serves as COO at AppsGenii Technologies.

Malik Mudassir is the Founder & CEO of AppsGenii Technologies and co-founder of ventures like GharPar, BoxesGen and Dental Connect. With a strong track record in scaling startups globally, and as a member of P@SHA’s Central Executive Committee, he brings vital international market knowledge.