Content Platform Flam Raises $40 Million

Indian AI-powered content platform Flam has raised $40 million (approximately ₹383 crore) through a mix of primary and secondary transactions in its Series B funding round. The round was led by QED Investors, with participation from several other investors.

The funds are earmarked for enhancing research and development (R&D) in Flam's AI models, expanding its product suite, and introducing additional configurations for its interactive content format. A significant portion will also accelerate enterprise sales across existing and new markets.

Founded in 2021, Flam offers an AI-driven interactive content platform enabling businesses to create immersive experiences for marketing, product visualization, entertainment, and customer engagement. The company claims to serve over 100 customers, including Google, Reliance, and Hyundai.

This latest funding follows about a year after Flam raised $14 million in a Series A round. The company has expanded internationally, with the US and Japan emerging as key overseas markets, now accounting for over 50% of its business. Flam aims to reach $100 million in annual recurring revenue (ARR) by next year.