# Former Ramp engineers raise USD 20 million for Melius after abandoning their first product

According to TechCrunch, Melius, founded by former Ramp engineers, raised USD 20 million in Series A funding on 10/7, led by CRV. It had scrapped its first product and pivoted to AI tools for generating advertising creative and marketing campaigns, reaching USD 1 million in annualized revenue.



Canonical: https://uniquebase.ai/news/171e4700-f1c8-45c1-a5e7-e2c4f829eb25
Stable identifier: 171e4700-f1c8-45c1-a5e7-e2c4f829eb25
Snapshot captured: 2026-10-20T18:19:32.670Z
English updated: 2026-10-20T18:23:32.075Z

## Connected profiles

- [CRV](/institutions/crv)
- [Melius](/companies/melius)

## Sources

- https://techcrunch.com/2026/10/06/ex-ramp-engineers-raise-20m-for-platform-melius-after-scrapping-their-first-product/