Intel has
reportedly acquired the digital education startup Kno in an attempt to
expand its business in creating a digital environment for classrooms.
Kno is
an education startup company that started out in the hardware market
then transformed into the software by creating apps that would allow
students to read the interactive versions of already existing digitized
textbooks.
Intel, the largest semiconductor chip
maker in the world, is acquiring an education company such as Kno for
several reasons. First one is the fact that Intel Capital was among the
laundry list investors of Kno. The former had been able to raise some
$73.4 million in funding from the day it was founded in 2009.
Eventually, they led their Series C round in 2011 considering the fact
that in the $37.5 million round, the company's investment amounted to
$20 million.
In its official site, Intel has
published the meaty details of its acquisition. Its latest venture in
Kno will boost the company's global digital content library to reach
titles by more than 225,000 in the higher education and K-12 series
through its already existing partnerships with 75 established
educational publishers. Moreover, the Kno platform is designed to cater
to administrators and teachers, providing them with the necessary tools
that would enable them to easily assign, manage, and monitor their
digitized learning content and assessments. With their partnership,
they can help teachers create innovative classroom environments and
personalized learning encounters that would lead to every student's
success.Source : hngn.com
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