Archive · 15 Sep 2026
Flam Raises $40 Million to Expand AI Interactive Content
Flam is a company that helps brands make interactive digital content.
It raised $40 million from investors in a new funding round.
The company will use the money to improve its AI, develop more products and sell to businesses around the world.
Flam says more than 100 companies use its products, including Google, Reliance and Hyundai.
Its tools can turn ordinary media into 3D, mixed-reality and AI-powered experiences.
People can use these experiences through smartphone cameras without downloading an app.
Flam currently does about half of its business in India and half internationally.
The company wants to reach $100 million in yearly recurring revenue within the next 18 to 24 months.
Flam raised $40 million in a Series B round led by QED Investors.
The funding will support AI model research, product expansion and global enterprise sales.
Flam has more than 100 enterprise customers, including Google, Reliance and Hyundai.
The company is targeting $100 million in annual recurring revenue within 18–24 months.
The latest round brings Flam’s total equity funding to $62.5 million.
- Who
- Flam, an AI interactive content company founded by Shourya Agarwal, Malhar Patil and Amit Gaiki.
- What
- The company raised $40 million in Series B funding led by QED Investors.
- When
- The funding was announced on Tuesday; the company is targeting its revenue goal over the next 18–24 months.
- Where
- Flam is headquartered in San Francisco and has teams in India and Japan, with business in India and international markets.
- Why
- The funding will be used to develop AI models, expand Flam’s product suite and scale enterprise sales globally.
- Series B funding
- $40 million
- Lead investor
- QED Investors
- Total equity funding
- $62.5 million
- Enterprise customers
- More than 100, including Google, Reliance and Hyundai
- Revenue target
- $100 million in annual recurring revenue within 18–24 months
- Business split
- Approximately 50% India and 50% international markets
- Previous equity funding
- $22.5 million, including a $14 million round in April 2025