The consumer market can be pretty lucrative. The enterprise market can be particularly lucrative too, but the educational market is one that is still largely untapped by the rising popularity of tablets. Well, Kno wants to change that and they’re doing it with some big bucks from Intel.
It sounds like Intel Capital, the investment arm of the chip company, is set to point $30 million towards the development of the Kno digital textbook. Yes, it’s very educationally based, so it’s not completely fair to call it “just” a tablet. This money will really help the relatively young startup, but just like Dragon’s Den (or Shark Tank), the investment also means that Kno taps into Intel’s network and expertise.
Use those hardware partners, speed up the development, and get the Kno into classrooms. I wouldn’t be surprised if more than a few Intel doodahs end up in the final product too, just so one hand can pay the other.
It’s not like Intel and Kno are the only ones tapping into education either. Some school in Auburn, Maine has just decided to buy 285 iPad 2s for every kindergarten student and teacher. The idea is that the kids can learn better from them than they can from a traditional PC. The Kno might not be targeting quite that young, but it’s clear that the competition for school-focused tablets is heating up.
Intel Capital, Advance Publications, Andreessen Horowitz, First Round Capital, FLOODGATE and SV Angels Invest $30 Million In Kno
Intel and Kno to Further Innovation in Education Tablet Market
SANTA CLARA, Calif.–(BUSINESS WIRE)–Kno, Inc., a leading education software company, announced today that it has closed $30 million in Series C financing led by new investor Intel Capital that contributed $20 million. Advance Publications, Inc. also participated as a new investor. All of Kno’s existing institutional investors participated in the round, including Andreessen Horowitz, First Round Capital, FLOODGATE and SV Angels. This latest round of funding will help Kno continue to develop its innovative educational software solution for multiple platforms and devices, including Intel Architecture.
“We are excited to have the opportunity to continue building our solutions in broader education markets and onto the innovative Intel-based platforms”
As part of the agreement, Intel and Kno will join forces to advance the use of tablet computers designed to meet the needs of interactive and 1:1 student learning environments. The two companies will explore opportunities to make Kno’s touch-based applications available for Intel’s educational platforms.
“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.”
“Kno’s unique end-to-end software and their experience with content publishers aligns very well with Intel’s approach of delivering a holistic solution for education that comprises of hardware, software, digital content and services,” said Arvind Sodhani, president of Intel Capital and Intel executive vice president. “We plan to work with Kno and continue to bring a wide range of innovative platform choices to students worldwide.”