Spines secures $64M to expand its AI-assisted publishing platform
Founder Yehuda Niv, whose first book sat unpublished for nearly four years, is using debt and equity to expand Spines into Latin America.
By RuntimeWire Staff · Published · Updated
Primary source: PR Newswire Business Technology
Why it matters
Spines shows where AI publishing is actually making money: charging authors for production, translation, distribution and marketing around a manuscript they wrote themselves, at a company-reported $50 million run rate.
Spines founder Yehuda Niv knows the drawer where unpublished manuscripts go. Niv wrote a book at night while working as an electronics engineer, left it unpublished for nearly four years, and finally saw it published in 2012, according to his Spines biography. He then launched Niv Publishing from his dorm room while working toward his master's degree, with the stated goal of sparing other authors that experience.…
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.