US-listed semiconductor maker Intel’s corporate venturing unit is investing $20m in US-based digital textbook and tablet maker Kno two years after its launch.
Intel Capital’s investment is part of $30m round for Kno, which also sees Advance Publications join the consortium as a new investor.
All of Kno’s existing institutional investors participated in the round, including venture capital and angel networks Andreessen Horowitz, First Round Capital, Floodgate and SV Angels.
As part of the agreement, Kno will make its touch-based applications available for Intel’s educational platforms.
Arvind Sodhani, president of Intel Capital, said: "Kno’s unique end-to-end software and their experience with content publishers aligns very well with Intel’s approach of delivering a holistic solution for education that comprises of hardware, software, digital content and services.
"We plan to work with Kno and continue to bring a wide range of innovative platform choices to students worldwide."
Founded in 2009, in September Kno raised $46m in equity and debt financing and has now raised a total of $95m.
Kno is the second education-related start-up founded by Osman Rashid, the company’s chief executive. In 2005, he co-founded online textbook rental provider Chegg and led the company to $100m in annual sales in less than five years while also raising seed funding for Kno, which was then called Kakai.