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

AI Summary

Melius, a startup founded by former Ramp engineers, raised $20 million after abandoning its first product and pivoting. The company reportedly surpassed $1 million in annualized revenue within two months of launching its post-pivot product.

The startup crossed over $1 million in anualized revenue within two months of its post-pivot launch.