$46M in funding for digital textbook reader aimed at students

Kno Inc., a company developing a digital textbook reader for students, on Sept. 8 said it has received $46 million in the latest round of funding from venture capitalists, AFP reports. Kno said Andreessen Horowitz, a Silicon Valley venture capital firm 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, touch-screen 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. 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.”

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