In a significant moment for Pakistan’s technology ecosystem, Virtuans AI, a conversational artificial intelligence startup founded by Pakistani entrepreneurs Raheel Ahmad and Muddassar Sharif, has been acquired by AutoAcquire AI, US-based automotive technology company.
The acquisition, valued at seven figures USD in a combination of cash and equity, comes less than two years after Virtuans launched operations, which is a testament to the calibre of AI innovation emerging from Pakistan, read a statement.
Meanwhile, both founders, Raheel and Mudassar, have been appointed to leadership positions at AutoAcquire.
Virtuans AI developed autonomous conversational agents capable of handling sales and customer support functions across businesses.
“We built Virtuans with the belief that AI agents should not just respond to queries, but truly understand context, learn from interactions, and deliver outcomes that match or exceed human performance,” said Muddassar Sharif, co-founder of Virtuans AI.
“This acquisition validates that vision and opens doors to apply our technology at a much larger scale in one of America’s biggest markets.”
Meanwhile, Raheel Ahmad, co-founder of Virtuans AI, expressed that the acquisition “sends a strong signal” that Pakistani AI talent can build world-class technology, attract US companies, and take leading roles in global tech firms.
AutoAcquire AI, led by auto software industry veteran Anthony Monteiro, aims to transform how automotive dealerships acquire vehicles in the United States, unifying targeting, offers, inspections, logistics, and fraud protection into a single AI-driven platform.
“Virtuans has built an impressive foundation in intelligent automation and AI agent development,” said Anthony Monteiro, CEO at AutoAcquire AI.
“By bringing their expertise into AutoAcquire AI, we are expanding our ability to deliver agentic AI solutions that can operate proactively, communicate naturally, and drive real outcomes for dealers looking to scale acquisition efficiently.”
The acquisition positions Virtuans’ agentic AI technology at the heart of AutoAcquire’s efforts to disrupt the $1 trillion U.S. used car market.
A milestone for Pakistan’s tech ecosystem
Virtuans believes that the deal represents more than just a business transaction – it signals growing international recognition of Pakistan’s AI capabilities.
While Pakistani software developers have long contributed to global technology companies, this acquisition demonstrates that Pakistani founders can build proprietary AI platforms that command attention from established American acquirers.
“For a nation working to establish itself as a hub for technology innovation, the Virtuans acquisition offers proof that Pakistani startups can compete at the highest levels of the global AI industry,” read the statement.
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