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Startups & Venture·October 6, 2026·1 min read

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

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Crossing $1M ARR within two months post-pivot and raising $20M says capital is still backing fast-learning teams over initial theses. If you’re sitting on a middling AI product, the bar is shifting toward decisive pivots with traction, not incremental feature work on a stale idea.