Melius raised $25M in total funding. The round includes a $20M Series A led by CRV. A $5M seed round was led by General Catalyst. The company hit $1M in annualized revenue within two months of launch. Ex-Ramp engineers Joowon Kim, Young Kim and Arnav Ramu founded Melius. They scrapped their first product after six months. The new focus is on AI tools for generating creative assets and campaigns. Melius describes its platform as an agents lab for creative work. Competitors include Higgsfield, Krea and Flora AI. Higgsfield is valued at $5.4B and has $700M in annualized revenue.
What changed
Melius initially built an AI-powered performance marketing tool for ad spend management.
What it unlocks
Generating ad campaigns, images and videos with AI tools.
- $25M total funding
- $20M Series A
- $5M seed round
- $1M annualized revenue
Sources