Intel Acquires Ed-Tech Startup Kno
In a company blog post on Friday, Intel VP John Galvin said Kno’s acquisition would add more than 225,000 titles to Intel’s digital content library.
Intel positions the acquisition, which was first reported by TechCrunch, as a bolstering of Intel’s education initiative, which has aimed to integrate technology into teaching programs across the developing and developed worlds.
“Everybody now knows that tablets are going to be transformative in education,” Marc Andreessen, one of Kno’s investors, said in an interview on Friday evening. “But it hasn’t happened yet. We have these tablets as mainstream consumer products because they’re cool — but they’re not yet mainstream in the classroom.”
The company’s backers included such outfits as Andreessen Horowitz, Conde Nast owners Advance Publications and Intel Capital, Intel’s venture arm, among others. Kno had raised upward of $80 million in its e-textbook initiative to date.
Terms of the deal were not disclosed.
For a refresher on Kno’s offerings, here’s Kara Swisher’s 2012 interview with Kno CEO Osman Rashid.