Kno has announced today that they have just closed the C series of investment. Leading the charge was Intel Capital who contributed $20 million dollars, also Advanced Publications invested a few million. AP is the parent company of Conde Nast, which in the new direction Kno is moving could prove to be a wellspring of experience.
Kno is shifting gears from their two Kno Tablets they developed and moving more into the software realm. They have officially announced that they are scraping their tablet plans all together. Their main intention is to focus on schools and higher learning environments. A few months ago they announced their student ambassador program. “College students are the future leaders of America and we want to help them gain real-life experience that they can use after college to help them have a successful career,” said David Straus, Vice President of Product at Kno, Inc. “The Kno Ambassador Program also provides an opportunity for the company to interact directly with students and gain useful insight for the continued development of the Kno education platform.”
The Kno and Intel collaboration could bear fruit from both companies who want to take more software approach to the business. These two companies are aiming at tablet computers and facilitating a more one on one learning environment.
“We are excited to have the opportunity to continue building our solutions in broader education markets and onto the innovative Intel-based platforms,” said Osman Rashid, CEO and Co-Founder, Kno, Inc. “We look forward to working together with the ultimate goal of making learning engaging, collaborative and fun for students.”
Other companies participating in the latest round of capital investments are Andreessen Horowitz, First Round Capital, FLOODGATE and SV Angels.
via Press Release
Michael Kozlowski is the Editor in Chief of Good e-Reader. He has been writing about audiobooks and e-readers for the past ten years. His articles have been picked up by major and local news sources and websites such as the CBC, CNET, Engadget, Huffington Post and the New York Times.