46 million dollars in funding for digital textbook reader

Sep 08, 2010

Kno Inc., a company developing a digital textbook reader for students, said Wednesday that it has received 46 million dollars in the latest round of funding from venture capitalists.

Kno said Andreessen Horowitz, a launched by Netscape founder Marc Andreessen, was the lead investor along with Silicon Valley Bank and TriplePoint Capital.

Founded in May 2009 and short for "knowledge," Kno is developing a two-panel, touchscreen tablet computer that will allow users to read digital textbooks, take notes, access the Web and run educational applications.

"Kno is gearing up to launch the first digital device that we believe will fundamentally improve the way students learn," said Osman Rashid, Kno's chief executive and co-founder.

Rashid said the funding will "help us continue to deliver on our product roadmap and ultimately deliver on our vision to bring innovative digital technology to the world of education."

Andreessen, a member of Kno's board of directors, said "Kno is poised to lead the market with its digital textbook and learning platform and we are excited to be part of the revolution.

"We are strong believers in the disruption of untapped markets and education is a prime example of a sector in need of digital innovation," he said.

Kno chief technology officer and co-founder Babur Habib said the company hopes to "get the Kno into the hands of students for beta testing this fall and ultimately for the first customer ship later this year."

Apple launched its iPad earlier this year and a number of other companies have announced plans recently to come out with touchscreen devices for reading electronic books or surfing the Web.

Explore further: As dust clears, what's next for Sony?

add to favorites email to friend print save as pdf

Related Stories

Andreessen fund's 1st investment has familiar ring

Aug 18, 2009

(AP) -- A new fund managed by Web browser pioneer Marc Andreessen and his longtime confidant Ben Horowitz is treading familiar ground with its first investment - a high-tech startup already tied to the two partners.

Ning cuts over one-third of staff, to begin charging

Apr 15, 2010

Ning, a Web company launched by Netscape founder Marc Andreessen that allows users to create their own social networks, said Thursday it was cutting more than one-third of its staff and would begin charging ...

Rivals moving to take on iPad

Apr 23, 2010

US bookstore giant Barnes & Noble added Web surfing and games to its electronic reader Friday as rivals move to break the momentum of Apple's freshly launched iPad tablet computer.

Recommended for you

As dust clears, what's next for Sony?

6 hours ago

The Sony hacking attack continues to deliver more dramatic plotlines than any fictional movie, but meanwhile the movie studio must move forward and tackle the next steps in minimizing the mess. Will Sony ...

It's down to the wire for online shopping

9 hours ago

As the holiday shopping season winds down, FedEx, UPS and online retailers are using the last few days to try to avoid the problems that occurred last year when severe winter weather and a surge in late orders ...

China's Xiaomi raises more than $1 bn in funding

Dec 21, 2014

China's top smartphone seller Xiaomi Corp. is raising more than $1 billion in a fresh round of funding, a move which would raise its valuation above $45 billion, a report said Sunday.

Why the Sony hack isn't big news in Japan

Dec 20, 2014

Japan's biggest newspaper, Yomiuri Shimbun, featured a story about Sony Corp. on its website Friday. It wasn't about hacking. It was about the company's struggling tablet business.

Sony faces 4th ex-employee lawsuit over hack

Dec 20, 2014

A former director of technology for Sony Pictures Entertainment has sued the company over the data breach that resulted in the online posting of his private financial and personal information.

Sony tells AFP it still plans movie release

Dec 20, 2014

Sony Pictures boss Michael Lynton denied Friday the Hollywood studio has "caved" by canceling the release of "The Interview," and said it still hoped to release the controversial film.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.