Israeli AI Publishing Platform Spines Secures $64 Million in Funding
Israeli AI publishing platform Spines has raised $64 million, including a $29 million Series A-1 round led by Zeev Ventures and a $35 million debt facility. The company automates the publishing process for thousands of authors worldwide.
Israeli AI publishing platform Spines has secured $64 million in a funding round, bringing its total capital raised to $86 million since its inception. The funding comprises a $29 million Series A-1 round led by Oren Zeev's Zeev Ventures, with participation from Aleph, NordStar, M-Fund, LionTree, and angel investor Dan Senor, co-author of Start-Up Nation. Additionally, the company secured a $35 million debt facility from Twelve.
Founded in 2021 by CEO Yehuda Niv, Chief Strategy Officer Nir Kenner, CTO Lev David, and CPO Niv Avdat, Spines utilizes artificial intelligence to streamline the publishing process for authors. Yehuda Niv previously founded Niv Book Publishing in 2013, one of Israel's largest publishing houses. Speaking to local media, Niv noted that the company has experienced rapid growth, reaching approximately $50 million in annual recurring revenue compared to $5 million two years ago, while employing 350 workers, including 90 in Israel.
The Spines platform manages the entire publishing lifecycle, from manuscript upload and AI-driven editing, proofreading, and cover design to typesetting and synthetic audiobook production. The system reduces a traditional 12-to-18-month publishing timeline to just a few weeks. More than 8,000 authors, primarily in the United States, have published works through the platform, with roughly 400 new writers joining monthly.
Looking ahead, Spines plans to expand its global footprint into Latin America and other English-speaking markets. The platform currently supports translation into seven languages using artificial intelligence combined with native-speaker quality assurance, and aims to scale this offering to 20 languages within the next six months.
