Melius raises $25m for AI ad creative generation

Melius, an AI advertising platform founded by former Ramp engineers, has closed funding. Early reports said it raised $25m for AI ad creative generation; later reports said Melius closed a $20m Series A led by CRV, plus a $5m seed round led by General Catalyst, for $25m total. The team abandoned its first performance marketing tool after six months of development and rewrote all its code, pivoting to a "creative work intelligence agent lab" that generates ad creative and campaigns. Two months after ending stealth in July, annualised revenue topped $1m.

Written by AI from the reports · updated 9 d ago