- Founded: 2009
- Ceased Operations: 2013
What did Kno do?
Kno was a software company that worked with publishers to offer digital textbooks and other educational materials. Kno’s digital textbooks were interactive and allowed users to search for content, highlight text, take notes, and collaborate with other students. The company also offered a variety of other educational materials, including videos, quizzes, and games. Kno’s products were used by students in over 10,000 schools and universities worldwide.
Kno raised $100 million in venture capital from investors such as Kleiner Perkins Caufield & Byers, Sequoia Capital, and Andreessen Horowitz.
Who started Kno ?
Founders Babur Habib and Osman Rashid
Why did Kno go out of business?
Kno’s digital textbooks were expensive to produce, which made it difficult for the company to compete on price. Kno faced stiff competition from other digital textbook providers, such as Pearson and McGraw-Hill.
Kno was unable to achieve profitability. The company’s high costs and low sales led to a negative cash flow. In 2013, Kno was acquired by Intel. Intel’s goal was to use Kno’s technology to develop a new line of digital textbooks. However, Intel was unable to successfully commercialize Kno’s technology and the company discontinued its digital textbook business in 2015.