Ex-Ramp engineers raise $25M for AI ad platform Melius

New York-based Melius announced $25M in total funding, comprising a $20M Series A led by CRV and a $5M seed round led by General Catalyst. After scrapping its original AI marketing-optimization product and codebase, it pivoted to AI-generated ad creative and video, reaching over $1M in annualized revenue within two months of launch.

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