Ex-Ramp engineers raise $20M for AI workflow startup Melius

Former engineers from Ramp have secured $20 million for Melius, a platform they pivoted to after scrapping their initial product. The startup crossed $1 million in annualized revenue within two months of its relaunch, according to TechCrunch.

The funding arrives as AI agent startups continue to attract capital, though Melius stands out for its speed to market traction. Earlier coverage of Atomic’s $12.5 million round—another team automating supply chains—highlighted efforts to replace legacy tools. Melius’s focus remains unclear, but its early revenue suggests investor interest in AI-powered workflow solutions.

The $20 million round reflects confidence in the pivot, though the lack of public product details leaves questions about how it compares to peers. Other startups in the space, like Ando and Autoheal, have carved out specific niches, while Melius’s broader positioning is still emerging.

What’s next: whether Melius can sustain its growth beyond the initial surge—or if its pivot becomes another cautionary tale of chasing AI hype. For now, the funding validates investor appetite for AI-driven workflow tools, even as the market remains unsettled.

Sources: techcrunch.com