Spines Secures $64 Million to Expand Its AI Publishing Platform

Spines said on November 9 that it secured $29 million in Series A-1 equity funding and a $35 million non-dilutive growth financing facility to expand its AI publishing platform. Zeev Ventures led the equity round, with participation from Aleph, NordStar, M-Fund, LionTree and Dan Senor. Twelve provided the financing facility. The company, whose announcement was issued from Tel Aviv and New York, offers tools that take an author's manuscript through editing, proofreading, cover design, formatting and distribution. Its specialized AI agents also handle translation, audiobooks, marketing and royalty administration, with human publishing professionals available. Founder and CEO Yehuda Niv said: “The writing, the story and the knowledge come from the author.” Spines says it serves more than 8,000 American authors, adds approximately 400 authors a month and distributes books through more than 100 channels. It reported a $50 million revenue run rate. Its audiobook tools offer synthetic narration or a model of the author's voice, while its children's-book illustration tools are designed to keep characters consistent across images. The platform currently translates English manuscripts into Spanish, Italian, French, German, Portuguese, Polish and Hebrew, with review by native speakers. Spines said it plans to expand to 20 target languages within six months. Aleph, which led the company's seed round, also participated in its Series A and the latest Series A-1 financing.