AI creative tools market is big enough for Melius and rivals
I think the size of the market is so large that it can support multiple competitors.
Clipped from TechCrunch
Instead of helping marketers manage and optimize ad spend, the team chose to focus on what it saw as a much larger opportunity: building the tools that generate the creative assets and campaigns themselves. “We scrapped the entire codebase; we burned all of it,” Kim said. Melius quickly went to work on an entirely new product. Nearly a year after its initial launch, it revealed a platform that it describes as an “agents lab for creative work.”

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

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