2 min read
‘Virtuans AI,’ a startup founded by Pakistani entrepreneurs Raheel Ahmad and Muddassar Sharif have been acquired by U.S.-based AutoAcquire AI in a seven-figure USD deal that includes both cash and equity. The acquisition closed recently, just under two years after Virtuans first launched.
In an exclusive communication with TechJuice, the founders confirmed the acquisition and shared key details of the transaction. They said both will assume leadership roles at AutoAcquire as part of the agreement. However, the exact financial breakdown remains confidential until AutoAcquire announces its next funding round.
Virtuans AI built conversational AI agents that handle sales and customer support operations. The product focused on replacing repetitive human workflows with software that could respond to queries, qualify leads, and drive conversions. Its platform combined a multi-channel approach, deep native integrations, an agentic user interface, and reinforcement learning to improve results over time. The system supports communication in more than 40+ languages, which allows businesses to deploy it across global markets.
The acquisition gives AutoAcquire AI added technology as it works to modernize how automotive dealerships source vehicles. The company is building an AI-driven system that connects targeting, pricing offers, inspections, logistics, and fraud protection into one unified workflow. By streamlining these steps, AutoAcquire aims to help dealers operate faster and at scale.
The opportunity is significant. AutoAcquire is targeting the $1Trillion used car market in the US. Still, the company remains in its growth phase. According to industry estimates, AutoAcquire AI currently generates around $550,000 in annual revenue as it continues expanding its client base.
AutoAcquire’s leadership adds further context to the deal. Founder and CEO Anthony Monteiro brings more than 30+ years of automotive software experience. He has led four major exits worth over $550M combined. His background includes DRAIVER, which was sold to KAVAK, ELEAD CRM, which was acquired by CDK, and Autoweb, listed on NASDAQ under AWEB.
For Pakistan’s startup ecosystem, the acquisition marks a notable cross-border exit. A locally founded AI company attracted a U.S. buyer in less than two years. More importantly, its founders are not stepping away. Instead, they are moving into leadership roles inside a U.S. company aiming to compete in a $1Trillion market.
