Inkitt Raises $37M to Build AI-Powered Multimedia Empire
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Inkitt is a self-publishing platform using AI to identify bestselling book ideas and develop them. It recently raised $37M led by Vinod Khosla.
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The funding will be used to expand into new content formats like games, audiobooks, and video adapted from its fiction catalog.
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Inkitt applies data science to test different aspects of its books to optimize success. It ranks as the 11th bestselling global publisher.
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The long-term vision is to build a 21st century multimedia empire around Inkitt's growing content library.
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Inkitt uses a variety of AI services to generate and translate content. It doesn't rely on any single AI provider to avoid teaching them too much.