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