Spines Raises $64 Million for AI-Based Book Publishing Platform

In depth

Israeli company Spines has completed a $64 million fundraising round for a book publishing platform based on AI agents. The round includes $29 million in equity led by Zeev Ventures of Oren Zeev and $35 million in debt. Following it, the total investment in the company since its founding stands at $86 million.

The platform manages the process of bringing a book to publication, from editing and design through translation, distribution and marketing, and shortens the process from 18 months to a few weeks. More than 8,000 writers in the U.S. have already used the service, and about 400 new ones join each month. The company employs 350 people, 90 of them in Israel.

The company shows annual revenue of about $50 million and plans to expand its activity to 20 languages in the coming months. Yehuda Niv, the company's founder and CEO, said: "AI allows many people to fulfill a dream". Oren Zeev said: "Spines has an opportunity to change the way books are published".