Flame is an interactive and AI-powered content company. Flam has raised $40 million in its Series B funding round. QED Investors is the primary investor in this capital injection. The round was also attended by globally renowned investors and personalities, including Bollywood actor Shah Rukh Khan, Claypond Capital, Martin Chavez, Olivier Pomel, and Venky Harinarayan.

Other existing investors, including RTP Global and Dovetail, also followed with double the investment during this round. The firm did not reveal the valuation for the Series B stock offering, but market tracking data shows Flam had a previous stock valuation of $32.3 million.

Capital deployment and core technology

The additional resources will be directed to essential strategic operational areas. The funds raised will be primarily for research into the company’s underlying artificial intelligence models, according to Flam co-founder and chief executive Shourya Agarwal. The investment will drive the company’s product offering and global expansion of its enterprise sales mission.

This new funding round comes after a $22.5 million equity capital raise led by Turbostart, Inventus Capital Partners, RTP Global and Dovetail Capital, which included a $14 million TCH bearer sale in April 2025. Considering the latest equity funding of a $40 million Series B round, the amount of equity capital raised by the startup to date is $62.5 million.

Flam was founded back in 2021 by three BITS Pilani alumni, namely, Shourya Agarwal, Malhar Patil, and Amit Gaiki. It has regional operations in India and Japan and is located in San Francisco.  With this technology, enterprises and global brands can turn passive and static media into interactive 3D content, mixed-reality formats, and AI-agent experiences.

One of the main technical features of the Flam platform is the ability to use a smartphone’s inbuilt camera function to deliver interactive digital experiences without the need to download external software applications by the end consumers. At present, the platform offers 3 interactive content forms and owns over 15 international patents. It provides interactive video, 3D media, and visual AI agents. 

Proprietary, conversational visual agents are human-like figures capable of handling complex real-time conversations and performing tasks with a response time of less than 2 seconds. The internal AI models utilized include unique architectures such as Falcon, which is built with 26 billion parameters for high-speed processing.

Notable enterprise and growth targets

Flam’s commercial momentum continues to grow throughout brands and tech companies worldwide, with a growing base of over 100 enterprises in 6 operational quarters. 

Key enterprise customers using Flam’s product suite include technology giants, such as Google, using the platform for marketing, product visualization, and public awareness campaigns around Pixel smartphones, YouTube Shorts, and Gemini. Samsung, Hyundai, Emirates, and Diageo are among the other well-known enterprise accounts.

Flam’s product formats are applied across various corporate industries, such as Customer support, learning and development, digital marketing, product visualization, media entertainment, and sales enablement. 

The price of interaction-based contracts from commercial campaigns is $5,000 to $10,000 on the platform, whereas enterprise deployments that require a great deal of interaction can span over $100,000. 

Financials are kept private, though management has said revenue has grown 5-fold since the startup went paid in 2024. As Flam increases its global sales numbers, the company aims to generate $100 million in annual recurring revenue in the coming 18 to 24 months.

Conclusion

Flam’s corporate journey has reached a significant milestone, achieving a successful funding round of $40 million in Series B investment. The funding is backed by venture capital partners such as QED Investors and distinguished strategic advisors such as Shah Rukh Khan. It is positioned to accelerate its innovative research on its proprietary Artificial Intelligence model and broaden its reach into enterprise markets worldwide.

With a consistent approach to delivering a seamless and browser-based experience with 3D and AI experiences, Flam’s ongoing development of this type of media gives it a solid platform for reaching its ultimate goal of $100 million in annual recurring revenue, ahead of the emerging trend of interactive digital media relative to static formats.