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Mixed reality startup Flam bags $14 Mn led by RTP Global

EntrackrEntrackr · 3m ago
Mixed reality startup Flam bags $14 Mn led by RTP Global
Medial

Mixed reality startup Flam has raised $14 million (around Rs 119 crore) in its Series A round led by RTP Global, with participation from Dovetail and existing investors. Earlier in May 2024, Flam had raised $4.5 million in its pre-Series A round from Turbostart, Twin Ventures and others. The fresh proceeds will be used to scale operations in the US market while maintaining its presence in India, where it began monetizing a year ago. The brand claims to hold a 45% market share in the US. Founded in 2021 by Shourya Agarwal, Malhar Patil, and Rajat Gupta, Flam offers mixed reality brand experiences through social media links, websites, and QR codes, enabling brands to engage audiences effectively. It counts over 100 large tech and e-commerce brands as clients, including Google, Samsung, LG, Flipkart, Britannia, Netflix, AJIO, Wargaming, and WPP. Since the beginning of this year, Flam has been ramping up its R&D efforts on app-less Gen AI infrastructure that allows brands to create, launch, and track high-fidelity mixed reality (MR), 3D, and digital experiences in under 300 milliseconds on any smartphone.

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Flam bags Rs 38 Cr in pre Series-A round

EntrackrEntrackr · 1y ago
Flam bags Rs 38 Cr in pre Series-A round
Medial

AI-enabled mixed reality (MR) publishing platform Flam has raised Rs 38 crore ($4.5 million) in its pre-Series A round from Turbostart, Twin Ventures, Alphatron Capital, and angel investors, along with several family offices. Existing backers such as SF-based Inventus Capital Partners, SVQ, and 9Unicorns (now 100 Unicorns) also invested. The proceeds will be used to expand its MR platform’s reach into North America, Europe, and the MENA region, Flam said in a press release. Founded by Shourya Agarwal, Flam is at the forefront of publishing interactive MR content that can be accessed via mobile cameras, aiming to revolutionize the marketing landscape. The platform has already hosted global brands, including Britannia, Netflix, Wargaming, AJIO, Heeramandi, WPP, and Indian politician Shashi Tharoor. Flam’s MR technology transforms print, OOH, TV, and digital advertisements into engaging experiences for consumers. Its device-agnostic platform operates on all Android and iOS mobile devices, enabling rapid creation and deployment of MR content. The platform features the fastest image recognition and top-tier image and ground tracking, powered by sophisticated AI algorithms.

Kluisz.ai raises $9.6 Mn in seed round led by RTP Global

EntrackrEntrackr · 1m ago
Kluisz.ai raises $9.6 Mn in seed round led by RTP Global
Medial

Kluisz.ai raises $9.6 Mn in seed round led by RTP Global Enterprise AI infra startup Kluisz.ai has raised $9.6 million in a seed round led by RTP Global, making it one of the largest seed fundraises for an AI-focused deeptech company out of India in 2025 so far. The round also saw participation from Unicorn India Ventures, Blume Founders Fund, Climber Capital, and several strategic angels, including Oyo’s Ritesh Agarwal, Innov8’s Ritesh Malik, Aditya Virwani of Embassy Group, and others. Founded earlier this year by former Oyo COO and CPO Abhinav Sinha, ex-McKinsey partner Vamshidhar Reddy, and former Jio cloud executive Abhijeet Singh, Kluisz.ai is building a developer-first AI-native private cloud platform for enterprise use cases. The product aims to orchestrate AI workloads across hybrid, on-premise, edge, and sovereign cloud environments, with embedded security, observability, and automation. Kluisz.ai allows developers to define performance, compliance, or cost objectives while the platform auto-manages deployment and execution across infrastructure stacks. According to the company, the fresh proceeds will be used to scale the core engineering team in Bengaluru, accelerate product development, and onboard early design partners. The startup is initially targeting sectors like BFSI, manufacturing, and regulated industries with edge-heavy infrastructure. For RTP Global, this marks a deeper bet on AI infra emerging out of India. “Kluisz.ai is taking on a highly complex, globally relevant problem with a team that has done this at scale before,” said Madhur Makkar, Partner at RTP Global. The startup currently employs under 20 people and plans to expand rapidly over the next 12–18 months.

SydeLabs raises $2.5 Mn led by RTP Global

EntrackrEntrackr · 1y ago
SydeLabs raises $2.5 Mn led by RTP Global
Medial

AI security and risk management startup SydeLabs has raised $2.5 million in its seed round led by RTP Global. The round also saw participation from Picus Capital and marquee angel investors such as Kunal Shah and Sai Srinivas Kiran. The startup will use the funds for research and development (R&D) and to build on its existing product portfolio. Founded by Ruchir Patwa and Ankita Kumari, SydeLabs offers solutions to identify security and safety vulnerabilities in enterprise AI systems and prevent them in real time, helping mitigate cybersecurity attacks and abuse. SydeLabs is look to do partnerships with large language model (LLM) operation providers to distribute its product. It is also working on tools to help enterprises achieving compliance for their AI applications across geographies. The firm plans to clock $1 million in annual recurring revenue (ARR) by the end of 2024. Early-stage venture capital firm RTP Global claims to have made over 110 investments worldwide. Its notable investments include Datadog, DeliveryHero, CRED and SumUp.

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