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Ramp

Related event timeline, sources and context from the news index.

EVENT TIMELINE

2

STARTUPS · 1 SOURCE · TechCrunch AI

Ex‑Ramp founders’ AI creative startup Melius raises $25M after product pivot

Melius, an AI platform for generating ad campaigns, images and videos, said it raised a total of $25 million — a $20M Series A led by CRV plus a $5M seed led by General Catalyst. The New York startup, founded by ex‑Ramp engineers Joowon Kim, Young Kim and Arnav Ramu, pivoted from an AI performance‑marketing tool (scrapping its initial codebase) to a creative‑generation platform and says it hit over $1M annualized revenue within two months of coming out of stealth.

5.0

MONEY · 1 SOURCE · The Decoder

Ramp AI Index: US business AI spending falls while usage rises; OpenAI and Anthropic split token share

Ramp economist Ara Kharazian’s Ramp AI Index finds US companies are spending less on AI while usage has climbed about 50% since a July peak and hit a record high at the end of September. Kharazian attributes the spending drop mainly to competition and price cuts from OpenAI and Anthropic; in the last week of September Anthropic accounted for 51% of token spending and OpenAI 44.5%, while open-source models remain under 5% of spending.

6.0