In a blender or food processor, add tomatoes, onion, 1 jalapeño. Reserve 1 cup of the puree.
Remove seeds and mince remaining jalapeño.
Set Instant Pot to sauté. Add oil.
When oil is hot, add rice. Stir frequently. Sauté until rice is translucent and begins to become light golden brown.
Add garlic, minced jalapeño. Sauté for a minute. Turn Instant Pot off.
Add 1 cup of puréed onion mixture, 1 ½ cup broth, tomato paste and salt.
Put on the Instant Pot lid and lock. Turn valve to sealed position. Set high pressure or manual setting to 4 minutes.
When Instant Pot is done, allow 10 minutes of natural release. Then carefully turn valve to vent and release all the remaining steam.
Unlock lid and remove. Fluff the rice with a fork.
Stir in cilantro and serve with lime wedges.