Businessstartups
Ex-Ramp Engineers Raise $20M for AI Creative Platform Melius
Melius, an AI-driven creative platform, has secured $25 million in total funding, including a $20 million Series A round led by CRV. The startup, founded by former Ramp engineers, pivoted from its original performance marketing focus to concentrate on generative AI tools for ad campaigns. Despite scrapping their initial codebase, the company achieved over $1 million in annualized revenue within two months of its July launch. The founders believe the massive demand for AI-generated creative assets justifies the competitive landscape.