AI Business
2d ago
Spines secures $64 million to enhance AI-driven book publishing services
Nov 9, 2026
AI Summary
Spines, a hybrid publishing startup, has raised $64 million to further develop its AI-based services for authors. The funding will help the company expand its operations and enhance its offerings, which include automated editing, cover design, and marketing support.
- Spines has raised $64 million in funding, including a $29 million Series A-1 equity round and a $35 million non-dilutive growth financing facility.
- The company reported a $50 million annual revenue run rate, reflecting 400% year-over-year growth, and has published over 12,000 titles from more than 8,000 authors.
- Founded by Yehuda Niv in 2021, Spines offers a range of AI-driven services to assist authors in the publishing process, significantly reducing the time from manuscript to publication.
- The company operates as a hybrid publisher, allowing authors to retain more control and receive a larger royalty split compared to traditional publishing.
- Spines has adjusted its royalty structure to allow authors to keep 80% of net royalties and aims to provide more frequent royalty reporting.
- The startup is in discussions with a major U.S. publisher for a potential partnership to leverage its AI services.
- Spines plans to expand its reach into other English-speaking markets and aims for significant annual growth in the coming years.
book publishingfundingai agentshybrid publishingautomation