US Tech Fund commits $10 million to 2 Pakistani IT entrepreneurs

Pakistan’s two IT entrepreneur leaders– Mehwish Salman Ali
and Malik Mudassir—will receive funding of $10 million from the
USA-based JR Dallas Tech Fund, the premier private investment arm of
JR Dallas Wealth Management to spearhead an exclusive U.S.-focused
startup investment initiative.

Under this landmark agreement, Mehwish Salman Ali and Malik Mudassir
will receive $10 million in dedicated capital to identify, evaluate,
and invest in high-potential startups planning to scale operations in
the United States. The duo will serve as lead investment partners with
full authority to deploy capital across artificial intelligence, cloud
computing, digital health, and frontier technology ventures.

“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. “Mehwish and Malik represent the perfect
combination of technical expertise, entrepreneurial success, and
strategic vision needed to identify the next generation of
game-changing startups ready to conquer the American market.”

This $10 million commitment specifically targets startups with proven
capabilities seeking to establish or expand operations within the
United States, creating a direct pathway for international innovation
to contribute to American economic growth.

The investment is likely to generate positive economic impacts
including as these companies are expected to generate 300-500
high-skilled technology positions within 24 months.

Portfolio companies are projected to contribute $50-100 million in
U.S. economic activity within three years and accelerate breakthrough
technologies in AI, healthcare, and cloud infrastructure.

 Mehwish Salman Ali brings unparalleled expertise as Founder & CEO of
Data Vault, Pakistan’s first solar-powered and quantum-encrypted AI
data center, Co-Founder of Zahanat AI, the country’s first indigenous
GPT model, and COO of AppsGenii Technologies. As a TEDx speaker and
Forbes Technology Council member, Mehwish’s track record in AI
innovation, cybersecurity, and operational excellence makes her
uniquely qualified to identify transformative technologies ready for
U.S. market expansion.

Malik Mudassir commands respect as Founder & CEO of AppsGenii
Technologies, operating across the U.S., UK, and Pakistan, and
Co-Founder of multiple successful ventures including GharPar,
BoxesGen, and Dental Connect. His role as Central Executive Committee
Member at P@SHA and proven ability to scale technology companies
internationally positions him perfectly to guide startups through U.S.
market entry.

The $10 million fund operates under a rigorous investment framework
designed to maximize both financial returns and economic impact:

“Receiving this $10 million commitment from JR Dallas Tech Fund
represents more than capital it’s a mandate to bridge the gap between
global innovation and American market opportunity,” said Mehwish
Salman Ali. “We’re committed to identifying startups that not only
promise exceptional returns but also contribute meaningfully to U.S.
technological leadership.”

Malik Mudassir added, “This $10 million investment enables us to
support visionary entrepreneurs who understand that scaling in America
requires more than great technology it demands deep market insight,
operational excellence, and strategic partnership. We’re here to
provide all three.”

Jehangir A. Raja, the visionary Managing Partner behind this
transformative $10 million commitment, brings distinguished Wall
Street expertise and institutional investment leadership to JR Dallas
Tech Fund. As a seasoned financial markets veteran, Raja has
successfully managed multibillion-dollar portfolios and pioneered
innovative investment strategies that bridge traditional finance with
emerging technology opportunities.

Under Raja’s strategic leadership, JR Dallas Tech Fund has evolved
from a traditional wealth management firm into a dynamic investment
platform capable of identifying and capitalizing on transformative
market opportunities. His decision to entrust $10 million to Mehwish
Salman Ali and Malik Mudassir reflects his unique ability to recognize
exceptional talent and emerging market trends before they become
mainstream.

“Successful investing today requires more than capital it demands
vision, expertise, and the courage to back transformative leaders,”
said Jehangir A. Raja. “Mehwish and Malik represent the future of
technology entrepreneurship, and this $10 million investment reflects
our confidence in their ability to identify and scale the next
generation of market-defining companies.”