Spines Secures $64 Million In Financing To Enhance AI-Powered Publishing Platform

Spines, an AI-powered publishing platform founded in 2021 by CEO Yehuda Niv, raised $64 million in a financing package, comprising a $29 million Series A-1 round led by Zeev Ventures, with participation from existing investors Aleph, NordStar, M-Fund and LionTree, as well as angel investor Dan Senor, and a $35 million non-dilutive growth financing facility from Twelve. The company’s platform uses AI agents to automate the publishing process, including editing, proofreading, cover design, translation, audiobook production, distribution and marketing, helping authors publish books in weeks rather than the traditional 12 to 18 months. The financing brings Spines’ total funding to $86 million, as the company reports a $50 million annual revenue run rate, up from $5 million two years ago.

FOUNDER: Yehuda Niv, Lev David, Nir Kenner & Niv Ovdat

INVESTORS: Zeev Ventures, Aleph, NordStar, M-Fund, LionTree, Dan Senor, Twelve

AMOUNT: $64,000,000

HQ: Boynton Beach, Florida

#VentureCapital #Spines #YehudaNiv #ZeevVentures #TradedVC