AI Infra Startup Flam Raises $14 Million in Series A Round Led by RTP Global

Dovetail and other strategic investors participate to back AI – infrastructure startup to power brand experiences at scale

San Francisco & Bengaluru,  May 13, 2025 — Flam, the AI infrastructure startup, has raised $14 million in its Series A round led by RTP Global, with participation from Dovetail and other strategic investors.

With this funding, Flam is set to accelerate its mission to redefine how consumers engage with ads, retail aisles, live broadcasts, and fan moments—building on its track record of turning content and interfaces into immersive and interactive experiences that deliver measurable ROI for brands.

Founded in 2021 by Shourya Agarwal & Malhar Patil, Flam has reimagined how brands engage consumers through a frictionless, app-less platform that delivers high-fidelity mixed reality experiences. Flam’s proprietary AI  infrastructure enables real-time Digital, 3D and MR experiences in under 300 milliseconds — without the need for downloads or browser redirects — making it scalable and accessible for enterprises worldwide.

“Our mission is to turn every touch-point — Digital, Broadcast TV, Mass Media, Retail, Live fan engagements —into an interactive digital experience,” said Shourya Agarwal, Co-founder & CEO of Flam. “Series A capital brings in laser focus to ship the GenAI tool-chain that Brands, Enterprises have been begging for: A Full-Stack Enterprise Suite of Products across Channels to make them Engaging, Measurable, Interactive.”

Over 100 leading brands, including Google, Samsung, Emirates, Dabur, AJIO, Flipkart, Tanishq and  the US Presidential Elections, have already launched MR campaigns using Flam’s platform, reporting up to 49X higher engagement and 4X better conversion rates compared to conventional ads. Flam is today powering immersive brand experiences across TV, digital,  retail, print, magazines, out-of-home, product packaging, social channels, and fan engagement platforms.

Nishit Garg, Partner at RTP Global, said: “The time for MR is now — and Flam is uniquely positioned to lead this wave. What excites us is not just the technology, but the clarity of vision and speed of execution. Shourya, Malhar and team are building a category-defining company—and we’re excited to be part of their journey in this next phase of growth.”

The new funding will be used to accelerate Flam’s GenAI-powered product development and innovation, expand its footprint across North America, Europe and the Middle East, and deepen its operations in Asia. Additionally, Flam will scale its proprietary infrastructure, broaden its partner program for creative studios and platforms, and roll out new enterprise-grade suite of products. These will include GenAI-driven 3D asset generation, integrated advertising suite, democratized MR publishing tools, and tailored analytics dashboards for industries such as retail, sports, broadcast and live events.

Amal Parikh, Managing Director at Dovetail, said: “Flam is at the forefront of a fast-expanding market where brands are seeking new ways to connect with consumers. Their platform, built on deeptech and scalable infra, is unlocking a new era of interactive storytelling and measurable brand engagement. As mixed reality moves from experimental to essential, Flam’s platform is already showing what’s possible. The global potential here is immense, and we’re excited to partner with a team that combines technical excellence with a clear understanding of how immersive content will transform marketing and commerce worldwide.”

With this round, Flam has raised a total of $22 million to date.