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Reading: Flam banks $40M to turn video into an interactive medium
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Flam banks $40M to turn video into an interactive medium

Interactive content startup Flam has raised a $40M Series B led by QED Investors to scale its AI platform for real-time, two-way video.

Techflier Staff
Last updated: September 16, 2026 1:35 am
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Thirty milliseconds to first token is the figure Flam hangs its pitch on, and it is what separates a live exchange with a synthetic presenter from a clip rendered ahead of time. The San Francisco company has raised $40M in Series B funding to push that kind of interactivity into production.

QED Investors led. Datadog chief executive Olivier Pomel and Martin Chavez came in as angels, joining the SRK Family Office, Australian Gulf Capital and Claypond Capital. RTP Global and Dovetail, already holders, followed on.

Shourya Agarwal founded the company in 2021 and now runs it. His infrastructure stack, backed by more than 15 patents, produces what Flam calls flams in three forms. Flicks are AI-generated interactive videos tuned by compression algorithms so reactions stay instant. Airboards stream high-fidelity 3D content to devices and camera feeds, built from text or image prompts through a model named Fable. Visual Agents are avatars that hold real-time conversations, driven by the Fantom motion-transfer system working with Falcon, a 26-billion-parameter mixture-of-experts model.

The traction claim is unusual for a company that says it stayed in stealth: more than 100 enterprise customers, Google among them, signed in six quarters, with roughly $100M in annual recurring revenue as next year’s target.

QED’s Nigel Morris said earlier attempts at interactive content failed the same way, as compelling demos that never scaled. Flam’s answer is generating experiences live instead of pre-rendering them.

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TAGGED:AI videoFlamfundinginteractive contentmedia startupsQED Investors
SOURCES:SiliconANGLEDealStreetAsia
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