Santa Clara, Calif. – Kno, the developer of an e-book reader
and complementary digital learning platform, announced that it has secured $46
million in new equity and debt financing.

Andreessen Horowitz led the
investment; Silicon Valley Bank and TriplePoint Capital also participated.

Santa Clara, Calif.-based Kno was founded in May 2009 by Babur Habib and Osman
Rashid, co-founder of textbook rentals service Chegg.

The company is developing
a two-panel, touch-screen e-book reader designed for students, and incorporates
digital textbooks, note-taking, sharing and other features.

Kno will use the
funds for further product development, and to launch its first product later
this year.


Related Links: