Inkitt, a startup that uses AI to identify potential bestsellers, has raised $37 million in a Series C funding round led by Khosla Ventures. The self-publishing platform, which has over 33 million users, plans to expand into AI-generated storytelling, personalized fiction, games, audiobooks, and video content. The company’s long-term goal is to build a multimedia empire, positioning itself as a modern Disney. Despite declining reading habits, Inkitt has seen increased engagement by delivering innovative, data-driven content. The company’s total funding now stands at $117 million, with a post-money valuation of approximately $400 million.
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