Tel Aviv and New York, November 9th / PRNewswire / -- An agency-based publishing platform AI aimed at helping authors transform their manuscripts into professionally published books, Spines, announced today that it has secured $64 million in growth capital to accelerate its expansion. This includes a $29 million Series A financing led by Zeev Ventures, with participation from Aleph, NordStar, M-Fund, LionTree, as well as angel investors Dan Senor; in addition, there is $35 million in non-dilutive growth financing from Twelve.
Spines also announced that its revenue operation rate has reached 50 million US dollars, a year-on-year increase of 400%. The company stated that over 8,000 American authors have used the platform to publish books, and about 400 new authors join each month.
Spines, the founder and CEO, Yehuda Niv said: "We don't believe that the future of the publishing industry lies in AI writing books. We believe that the future is about AI endowing authors with superpowers. Writing, stories, and knowledge all come from the authors. Our job is to build technologies and infrastructure around the authors, to help more people discover the author within themselves, to turn their works into professionally published books, and ultimately to find and reach the readers."
The author brings their manuscript to Spines and uses this platform to manage the entire publishing process. Special AI agents can carry out editing, proofreading, cover design, typesetting, metadata management, translation, audiobook production, distribution, royalty management, and marketing tasks related to publishing. Authors can also collaborate with the in-house editors, proofreaders, designers, and native language professionals at Spines to obtain additional professional support.
Spines distributes books through over 100 global distribution channels, tracks sales on different platforms, and provides a centralized royalty management system that allows authors to clearly see their earnings from various channels and markets. This platform compresses the process, which traditionally takes 12 to 18 months, into just a few weeks, while also giving authors greater visibility, flexibility, and control throughout the publishing process.
Spines has also currently incorporated audience development and marketing tools: its event management tool helps authors create, launch, and manage marketing campaigns to reach relevant readers, assisting them in building demand for their works.
Spines is also rapidly expanding its AI translation capabilities. The platform currently supports translation from English into seven target languages: Spanish, Italian, French, German, Portuguese, Polish, and Hebrew, and combines AI translation with manual review by native speakers. Within the next six months, Spines plans to expand the number of supported target languages to a total of 20.
Authors can use Spines to create professional voiceovers for audiobooks by synthesizing voices, or they can generate their own voice models based on a short recording and use them to dub books, even in other languages.
For children's book authors, Spines has also developed a specialized AI illustration technique, aimed at ensuring that the characters throughout the entire book remain consistent, allowing authors to create coherent and professionally illustrated children's books within the same publishing workflow.
This round of financing was led by Oren Zeev of Zeev Ventures. Zeev Ventures is an early investor in Audible and also an investment institution that has long been investing in companies that define new categories of technology.
Oren Zeev indicates that: "Spines possesses all the elements necessary to become a leader in the next generation of publishing. I have seen this with my own eyes; a close friend of mine published his book using Spines and had an excellent experience. I believe that Spines can become the preferred platform for authors around the world to publish their books and reach readers."
Aleph led the seed round of Spines, and continued to participate in Series A and this round of A-1 financing. Aleph, co-founder and general partner, is also the author of nine books. He stated:
"Since our seed round investment, the growth of Spines has been incredibly impressive. It's clear that the authors are very eager for this publishing solution driven by AI. As an author, I know that completing a manuscript is just the first step in getting a book published. Everything that follows can be slow, fragmented, and frustrating. What initially attracted me to invest in Spines was the promise to use technology to eliminate these frictions without removing authors from the process. AI should amplify human creativity, not replace it, and Spines is building the infrastructure that will make this possible on a global scale."
Yehuda Niv said, "For most of the history of publishing, gatekeepers decided who was qualified to be an author and which stories deserved to reach the world. Anyone with a story, an idea, or knowledge to share should have the opportunity to publish it. Our role is to provide creators with tools, infrastructure, and reach to help them find their audience. For me, this is what AI truly promises in the field of publishing: not to replace writers, but to remove barriers so that anyone with a talent for writing can become an author."
About Spines
Spines is a proxy-based AI publishing platform aimed at helping authors transform their original manuscripts into professionally published books and reach readers around the world. Its publishing ecosystem combines specialized AI agents with professional publishers to cover various aspects such as editing, proofreading, design, typesetting, translation, audiobook production, distribution, marketing, and royalty management.
Spines collaborates with thousands of authors and publishes books through over 100 channels worldwide.
Media contact: spines @ concrete.media
