Intel Acquires Education Startup Kno
Intel has acquired Kno, an education startup that was first known as a hardware company and then later moved into software. The company allowed students to read interactive versions of digitized textbooks. The terms of the acquisition were undisclosed.
“The acquisition of Kno boosts Intel’s global digital content library to more than 225,000 higher education and K-12 titles through existing partnerships with 75 educational publishers. Even more, the Kno platform provides administrators and teachers with the tools they need to easily assign, manage and monitor their digital learning content and assessments,” stated John Galvin, vice president of the Sales and Marketing Group at Intel.
Kno’s apps have been used on the iPad, Android, Windows 7, and Windows 8. The entire team at Kno will be joining Intel as part of the acquisition. However, Kno co-founder and CEO Osman Rashid will not be joining Intel. Rashid is also known for being a co-founder at Chegg. Apparently Rashid was interested in keeping Kno with a focus in North America whereas Galvin wanted Kno to go international, according to TechCrunch.
Intel and Kno have been partners for a while. Intel is also an investor in Kno. Kno raised over $70 million in funding since 2009. Of their $37.5 million Series C round in 2011, Intel invested $20 million into the company.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry