The A.I. Daily
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.