Melius, an AI platform founded by former Ramp engineers, has completed a $20 million Series A funding round, bringing its total funding to $25 million.
Melius, an AI platform for generating ad campaigns, images, and videos, announced on Tuesday that it has closed a total of $25 million in funding, including a $20 million Series A round led by CRV and a $5 million seed round led by General Catalyst. The startup surpassed $1 million in annualized revenue within two months of launching its new product in July. Previously, Melius had abandoned its initial product and completely refactored its codebase to focus on generative creative assets and ad campaign tools.
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