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

Former engineers from the fintech company Ramp have secured $20 million in funding to develop Melius, a platform designed to automate the creation of marketing assets and advertising campaigns. This pivot follows the startup’s decision to abandon its initial product, which focused on ad spend management. The company is now repositioning itself to provide generative AI tools for marketing teams looking to streamline content production.