Centipede Press was founded in 2001 in Lakewood, Colorado by Jerad Walters. Since inception, it has published over two hundred volumes including currently well-known authors (including Stephen King, Peter Straub, Richard Adams, John Fowles, Neil Gaiman, and Patrick McGrath), as well as resurrecting out-of-print works of past genre writers. As of 2018, the press releases two to three new books a month, principally in luxury or oversized, signed or traycased hardback editions aimed toward the collector's market.
Centipede Press received the Horror Writers Association Specialty Press Award in 2013, with its other volumes being named finalists in other years for the Bram Stoker Award in Non-fiction twice and once for Fiction Collection, the Locus award for Single-Author Story Collection, and World Fantasy Award for Best Multiple-Author Anthology (from its first released book, Stigmata, in 2001). Noting this press's novel treatments and presentations of the fiction of Stephen King, Thomas Ligotti, and Patrick McGrath at the Stoker Awards presentations in New Orleans on 15 June 2013, the Board of the 1,300 member-World Horror Association lauded how Centipede "specializes in horror, crime, and science fiction", yet also regularly produces important "art books, career retrospectives, and critical studies on horror films". As the award presenter put it: "Centipede Press titles strive to be excellent examples of bookmaking, with superior design, page layout, and dust jackets."
Books from the press have been reviewed in The New York Times, The Washington Post, Playboy, The Wall Street Journal, Black Static, Dead Reckonings, Fangoria, Rue Morgue, Shock Cinema, Positif: Revue Mensuelle de Cinéma, Empire, Locus, Cemetery Dance, Famous Monsters of Filmland, Film Quarterly, The American Scholar, CineAction, and The Los Angeles Times.
The Press's new fiction is included regularly in annual print retrospectives, including The Best American Science Fiction and Fantasy, The Year's Best Science Fiction, The Best Horror of the Year, The Year's Best Fantasy and Horror, and The Mammoth Book of Best New Horror.
In an article from the leading trade journal on rare volumes, Fine Books & Collections, Richard Goodman contends that Centipede Press's major contribution is to show how the "weird and upsetting" are alluring or how "the ugly is beautiful" through the commissioned pen and ink drawings, paintings, photography, and woodcuts that accompany texts.
In 2010, Centipede Press also launched a periodical, The Weird Fiction Review, a yearly color print journal ranging from 300-400 pages that discusses the eerie, monstrous, and decadent in film, literature, comics, and magazines. The journal is edited by S. T. Joshi and features articles, essays, original fiction, poetry, and interviews.