Ex-Ramp engineers raise $20M for platform Melius after scrapping their first product
Melius, a New York-based AI platform for generating ad campaigns, images and videos founded by ex-Ramp engineers Joowon Kim, Young Kim and Arnav Ramu, announced on Tuesday (TechCrunch, 2026-10-06) $25 million in total funding. This is a $20 million Series A led by CRV plus a $5 million seed round led by General Catalyst, so the listed top firm led only the seed and did not lead the Series A. The startup says it passed $1 million in annualized revenue within two months of leaving stealth in July, after scrapping its first ad-spend tool.