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

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: TechCrunch

What happened

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

Key facts

  • The startup crossed over $1 million in anualized revenue within two months of its post-pivot launch.
  • Reported by TechCrunch and published Tue, 06 Oct 2026 22:34:03 UTC.

Why it matters

Platform, chip and AI decisions set the terms other companies have to build on, so a single announcement here tends to ripple through products, supply chains and regulation.

What to watch next

  • Availability, pricing and rollout regions
  • Independent testing or verification of the claims made
  • Responses from regulators and competing platforms

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. Tell HN: GitHub refuses to remove cracked copies of my software after a month

  2. Browser-Based ‘Grand Theft Auto V’ Shows How AI Is Making It Easy to Illegally Port Games to New Platforms

  3. AI computing startup Lambda to raise $4B ahead of planned IPO

  4. We Asked Starbucks Why Their ‘Sugar-Free’ Drinks Have Sugar and Now We’re Just More Confused

  5. Two mystery PlayStation products have leaked — one might be a PlayStation Portal OLED

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

Sources

The original report was published by TechCrunch. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at TechCrunch

Related WorldPing coverage