Spines secures $64 million for its AI publishing platform at a $50 million revenue run rate
Spines said in a press release it secured $64 million in growth capital for its AI publishing platform. The total includes a $29 million Series A-1 equity round led by Zeev Ventures, with Aleph, NordStar and M-Fund participating, and a $35 million non-dilutive financing facility from Twelve.
Spines reports a $50 million revenue run rate and 400 percent annual growth. More than 8,000 authors in the US have published through the platform, with about 400 new authors joining each month.
The platform uses AI agents for editing, proofreading, cover design, formatting, translation, audiobook production, distribution, marketing and royalty management. Spines currently translates English manuscripts into seven languages and plans to support 20 target languages within six months.
Founder and CEO Yehuda Niv said the company does not see the future of publishing as AI writing books, but as AI giving authors superpowers; authors bring their own manuscripts, and in-house human editors and designers remain available.
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