San Francisco, United States
Inkitt, founded in 2014, is ambitiously transforming the landscape of entertainment by aiming to become the Disney of the 21st century. With a focus on leveraging AI and predictive algorithms, Inkitt has carved a niche by identifying unknown stories and turning them into successful franchises. Through its Galatea app, it produces a new $1M ebook every month and directly offers these to consumers.
Distinguished as the 11th most bestseller-generating publisher globally, Inkitt demonstrates a 40x higher hit-rate compared to traditional publishers. Its innovative approach attracted a hefty $37.00M Series C round in February 2024 from notable investors like Kleiner Perkins, Khosla Ventures, Redalpine, and NEA. Expanding further, Inkitt launched CandyJar TV, adapting successful ebooks into TV series sold on an episodic basis, propelling its disruptive entertainment model.
Chive Media Group