16/09/2026
Portfolio Update: Flam, an AI-powered interactive content company, has raised $40 million in a Series B round led by QED Investors, with participation from existing investors RTP Global and Dovetail, alongside other strategic investors.
Why our conviction continues:
Building the technology layer for the next evolution of digital content, where audiences can interact with rather than simply consume content
Making interactive videos, 3D experiences and AI-powered Visual Agents accessible at enterprise scale
Building a growing enterprise customer base of 100+ companies within six quarters, including Google, Hyundai and McDonald’s
Combining AI, video, 3D and real-time interaction to create new applications across marketing, product visualisation, entertainment, learning and development, customer support and sales
Building proprietary technology across its interactive content formats, with 15+ patents and multiple generative AI models powering its product suite
The funding will support FLAM’s continued investment in AI research, expansion of its product suite and the scaling of its enterprise business across international markets. The company is already seeing growing adoption across India, the US, Japan and other global markets.
Congratulations to Shourya Agarwal, Malhar Patil, Amit Gaiki and the entire Flam team on this milestone. We’re proud to be part of their journey as they build the infrastructure for a more interactive internet.
Dr Apoorva Ranjan Sharma Anuj Golecha Anil G Jain Gaurav Jain Anvit Baliga Rishabh Golchha Arisht Jain Mohit Rakhecha