Funding

California-Based Flam Raises $40M in Series B Funding

Sep 15, 2026 | By Devin Jacobs

SUMMARY

Flam raised $40M in Series B funding.
Funds will support AI models and global growth.
Flam builds AI-powered interactive content.

Flam, a San Francisco, CA-based provider of an AI interactive content platform, has raised $40M in a Series B funding round led by QED Investors.

The round also saw participation from Claypond Capital, Martin Chavez, Olivier Pomel, Venky Harinarayan, Shahrukh Khan, RTP Global, and Dovetail.

The company will use the funding to advance research and development of its AI models, expand its product suite and scale global enterprise sales.

Funding Snapshot

Metric	Details
Fundraise Amount	$40 million
Funding Stage	Series B
Valuation	Not disclosed
Company	Flam
Sector	AI / Interactive Content
Headquarters	San Francisco, California

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About Flam

Founded in 2021 by Shourya Agarwal, Malhar Patil, and Amit Gaiki, Flam develops AI-powered interactive content that responds and streams at video-like speeds. The company is headquartered in San Francisco, with teams in India and Japan.

Its platform combines AI models, interactive video, 3D content and conversational digital characters to help enterprises create more engaging digital experiences.

Core offerings include:

Interactive video through Flicks
3D interactive content through Airboards
AI-powered video creation through Fable
Visual Agents for conversational experiences
AI editing through Forge

Core Technologies / Products / Services

Capability/Product	Application/Use Case
Flicks	Interactive videos that can change people, products or scenes during playback
Forge	AI-powered editing that modifies specified elements in images
Airboards	Interactive 3D content with touch, voice and haptic interactions
Fable	Image-to-video generation

Leadership Comments

Nigel Morris, Co-Founder and Managing Partner at QED Investors, said: "Almost every frontier AI content company we see is optimizing what already exists. Flam pointed at something else: how much of the content ecosystem is still untouched.

"The traction was too exceptional to ignore," said Sandeep Patil, Partner at QED Investors. "Every major shift in internet content has created new platforms and new winners. What tells us Flam will be one is not just the growth rate but also the pace of their AI research and the partners choosing to build on it."