Flam raises $40M Series B to scale AI interactive content

San Francisco AI interactive-content company Flam said it raised $40 million in Series B funding led by QED Investors, with Claypond Capital, Martin Chavez, Olivier Pomel, Venky Harinarayan, Shah Rukh Khan, and existing investors RTP Global and Dovetail participating. Flam builds interactive video, 3D camera-stream experiences, and visual agents — and says it has signed more than 100 enterprise customers in six quarters. The capital goes to AI-model R&D, product expansion, and global enterprise sales.

Most brand video still plays one way — creator to viewer. A $40 million Series B for interactive video, 3D camera streams, and visual agents, with more than 100 enterprise customers the company names, is a money-desk read on whether interactivity becomes a default — not a valuation this desk can check.

Flam, a San Francisco AI interactive-content company, said via Business Wire on 14 Sep 2026 that it raised $40 million in Series B funding. Series B is a growth fundraising round after seed money and Series A. QED Investors, a venture-capital firm, led the round. That company release is the filing event. These are company claims. This desk did not see the term sheet.

New participants, as the release names them: Claypond Capital; Martin Chavez; Olivier Pomel; Venky Harinarayan; and Shah Rukh Khan — the wire prints the last name as Shahrukh Khan. Existing investors RTP Global and Dovetail are “doubling down,” the company said. File the roster as Flam’s. This desk is not saying every named backer disclosed its check size, and it is not inventing a valuation. None was printed.

Use of funds, as Flam tells it: research and development on the company’s AI models, expanding the product suite, and scaling enterprise sales globally. File the spend plan as the company’s. This desk did not audit payroll.

Traction, as the same release has it: Flam has signed more than 100 enterprise customers in six quarters, including Google, State Farm, and Diageo. Named uses: marketing, product visualization, learning and development, entertainment, fan engagement, customer support, and sales. File the count, the logos, and the use list as Flam’s. This desk did not verify those contracts.

What the company sells, in plain words: software so a brand can ship content that the viewer can change or talk to, not only watch. Flam names three formats. Flicks are interactive videos that switch the person, product, or scene while the clip plays. Airboards are 3D scenes that open in the phone camera, with touch, voice, and haptic feedback — a buzz or tap you can feel — and no app to install. Visual Agents are on-screen characters meant to hold a conversation and take actions, more like a video call than a chat box. File those product names as Flam’s. This desk did not run the demos.

The company also names five models that sit under those formats: Forge, an editing model that takes image references and changes only the named element; Fable, an image-to-video model; Fantom, for facial expression through identity preservation and motion transfer; Finesse, for voice in any language; and Falcon, which Flam calls a 26-billion-parameter mixture-of-experts language model. Mixture of Experts, or MoE, means the model routes each bit of work to a few specialist sub-networks instead of one giant dense layer. 26 billion parameters is the company’s size claim for Falcon. File the names and the 26B MoE line as Flam’s labeling. Speed and latency figures stay in Sources. This desk did not time a stream.

Flam says it was founded in 2021, is headquartered in San Francisco, has teams in India and Japan, and holds more than 15 patents. File the year, the offices, and the patent count as the company’s about-box. This desk did not read the patents.

Shourya Agarwal, founder, quoted on the release: “Flam is built on a simple observation. Content has moved in waves, from text to images to video, and every wave flowed one way, creator to viewer. We think interactive is the next default for the internet.” And: “The demand was always there. The technology wasn't. We have made interactivity effortless to build and deploy at enterprise scale.” File the quotes as his. They are not an independent product review.

Nigel Morris, co-founder and managing partner at QED Investors, quoted on the same page: most frontier AI content companies he sees are “optimizing what already exists,” and Flam pointed at “how much of the content ecosystem is still untouched.” He said that gap “is bigger than most people think,” and that Flam is “the first team we've seen with the infrastructure to go after it.” File the quotes as the lead investor’s. This is not investment advice.

Sandeep Patil, a partner at QED Investors, quoted: “The traction was too exceptional to ignore.” He said every major shift in internet content has created new platforms and new winners, and that what tells QED 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.” File the quotes as his. The growth-rate talk is his, not a revenue number this desk can check.

PRIMARY here: Flam’s 14 Sep 2026 Business Wire release — Tier A company source, not a second-hand wire — plus the same-day TMCnet and MarketMinute reprints of that same originating text. Investor names, the 100-plus customer count, the Google / State Farm / Diageo logos, and the Flicks / Airboards / Visual Agents / Forge / Fable / Fantom / Finesse / Falcon naming are company-attributed. NOT claimed: a valuation, a total raised, revenue, independently verified customer contracts, independently measured latency, that this desk tested the product, a stock tip, or investment advice. Distinct from the already-filed temporal-550m-series-e, buildots-130m-data-center-ai, cornelis-205m-active-compute-fabric, nuance-labs-50m, and sokin-mcp-payments.