Amanda Palmer and Edward Ka-Spel of the Legendary Pink Dots are releasing an album and going on tour together soon. Their album, “I Can Spin a Rainbow,’’ will be available as a CD, LP, and digital download May 5.

This marks the first full-length collaboration between Palmer and Ka-Spel, founding member of the Legendary Pink Dots, and it took them just under a month to record the album at Imogen Heap’s home recording studio. Frequent Legendary Pink Dots collaborator Patrick Q. Wright plays violin on the album, and he’ll also join the pair on tour.

“We merged our songwriting heads and poetic worlds to make a new universe,’’ said Palmer, in a statement. “We would sit in Imogen’s house drinking cups of tea, bemoaning the state of the upcoming election, binge drinking in the UK, the refugee crisis, our internet addictions, frightening news we had read, our relationships . . . and then we’d compost all of the ingredients of our fears and conversations into song form.’’

Palmer said the title “I Can Spin a Rainbow’’ was inspired by the “spinning beach ball of death’’ that occasionally appears on Mac computer screens, and that the songs on the album are “simultaneously frightening and comforting, like a thunderstorm heard from a living room.’’

Palmer and Ka-Spel will kick off their tour May 17 with a show at the Middle East in Cambridge. Then they’ll perform in New York and California before setting off to play a series of shows in Europe, with stops in Warsaw, Munich, Prague, Hamburg, Antwerp, Amsterdam, Paris, and London. For more information about the tour, visit amandapalmer.net/shows.