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

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

TechCrunch | Oct 6, 2026 | Marina Temkin

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When the New York-based company first launched over a year ago, Kim and his co-founders, Young Kim (pictured on left) and Arnav Ramu (pictured center) set out to build an AI-powered performance marketing tool. More than six months after building the product, the co-founders decided their original idea didn’t “have legs,” Joowon Kim told TechCrunch. Kim isn’t concerned about the competition.

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