Ex-Ramp Engineers Raise $20M for Platform Melius After Strategic Pivot

7 Oct 2026, 4:04 am · 2h ago · 1 min read · TechCrunch AINew

Amount

$20M

Melius, a new platform built by former engineers from financial operations unicorn Ramp, has secured $20 million in fresh funding. The fundraise follows a decisive strategic pivot after the founding team chose to scrap their initial product concept. Demonstrating rapid market traction following the redesign, the startup crossed over $1 million in annualized recurring revenue within just two months of launching its updated offering. The capital will enable the team to expand product development and scale go-to-market efforts. The round highlights strong investor confidence in seasoned technical operators capable of swiftly finding product-market fit.