Ex-Ramp engineers raise $20M for platform Melius after scrapping their first product

Melius, founded by former Ramp engineers, pivoted from an AI marketing spend tool to a platform generating ad campaigns, images, and videos, raising $25M including a $20M Series A led by CRV. The startup reached $1M in annualized revenue within two months of its July relaunch, competing in a growing market alongside firms like Higgsfield.