In a major vote of confidence for Pakistan’s rising tech leadership, the JR Dallas Tech Fund has announced a $10 million investment in Pakistani technology innovators Mehwish Salman Ali and Malik Mudassir. This strategic initiative empowers the duo to channel capital into high-potential, U.S.-focused startups, specifically in transformative sectors such as artificial intelligence, cloud infrastructure, digital health, quantum computing, and cybersecurity.
The announcement was confirmed on Friday by Business Recorder, marking a significant milestone not only for the two recipients but also for Pakistan’s burgeoning role in the global technology ecosystem.
We are entrusting $10 million to two of the most visionary technology leaders of our generation, said Jehangir A. Raja, Managing Partner at JR Dallas Tech Fund, the premier investment arm of JR Dallas Wealth Management, based in the United States.
Empowering Pakistani Talent to Lead Global Tech Investments
Under this landmark agreement, Ali and Mudassir will serve as lead investment partners with full authority to evaluate and invest in startups with potential to scale rapidly in the U.S. market. Their mission is clear: identify breakthrough ventures, support them with capital and strategy, and help them grow into market leaders across cutting-edge technologies.
The fund’s investment framework is designed to prioritize economic impact and high financial returns, with funding amounts ranging between $250,000 and $1.5 million per startup. Over the next two years, the fund aims to back 15–20 innovative startups, creating momentum for international technology collaboration between Pakistan and the United States.
Meet the Visionaries Behind the Initiative
Mehwish Salman Ali
Ali is one of Pakistan’s most celebrated tech entrepreneurs and innovators. She is:
- Founding CEO of Data Vault, Pakistan’s first solar-powered, quantum-encrypted AI data center.
- Co-founder of Zahanat AI, Pakistan’s first indigenous GPT-based AI model.
- COO of AppsGenii Technologies, a multinational software company.
- A TEDx speaker and a recognized member of the Forbes Technology Council.
Ali operates primarily from Karachi, leading frontier technology ventures with a global mindset and local innovation.
Malik Mudassir
Mudassir is the founding CEO of AppsGenii Technologies, which has a robust presence across the US, UK, and Pakistan. He has also co-founded multiple ventures including:
- GharPar, a mobile salon services startup.
- BoxesGen, a custom packaging platform.
- Dental Connect, a digital healthcare solution.
Mudassir is an active member of P@SHA’s Central Executive Committee, and he operates from Lahore, contributing to policy and innovation in Pakistan’s tech ecosystem.
According to Raja, the duo’s combination of technical depth, entrepreneurial achievement, and strategic foresight makes them uniquely qualified to spearhead this U.S.-centric investment initiative.
They represent the perfect blend of local genius and global ambition,he noted.
Driving Economic Growth and Tech Innovation in the U.S.
This partnership does more than just inject capital into promising ventures — it also strengthens Texas as a hub for international tech talent, serving as a launchpad for innovation-driven immigrants and minority-led startups in the U.S.
Some of the anticipated outcomes of this fund include:
- Creating 300 to 500 high-skilled technology jobs in the U.S. within 24 months.
- Fueling $50 to $100 million in U.S. economic activity within three years.
- Accelerating development in AI, digital health, cloud, and quantum technologies.
- Encouraging cross-border tech diplomacy and investment flow between Pakistan and the U.S.
The focus will be on US-based startups either led by minority founders or with innovative applications in key sectors that can scale rapidly with the right backing.
A Milestone for Pakistan’s Global Tech Footprint
This announcement marks a significant moment in Pakistan’s evolution from a tech services provider to a key player in global venture capital and innovation strategy. With leaders like Mehwish and Mudassir at the helm, the country’s entrepreneurs are no longer just building businesses — they are now steering international investment decisions and helping shape the future of tech in global markets.
The $10 million commitment by JR Dallas Tech Fund could be a turning point — not only for the startups receiving this capital but for the entire South Asian tech diaspora aiming to make a lasting impact on the global innovation economy.
As the world increasingly looks to diversify tech leadership and invest in transformative solutions, partnerships like these are proof that Pakistani tech talent is ready to lead on the world stage.
