Kno failure

Kno

Education software startup

Description

Kno Inc. was a California based educational software startup. The company wanted to change the traditional way students learn. Kno introduced double paneled e-textbooks packed with interactive study lessons and resources, social sharing tools, and adaptive features that were designed to keep students engaged.

Stats

Category
Education
Country
United States
Started
In 2009
Closed
By 2013
Number of Founders
Two
Name of Founders
Babur Habib, Osman Rashid
Number of Employees
More Than 10000
Number of Funding Rounds
7
Total Funding Amount
$94.9M
Number of Investors
10
Precise Cause of Failure
Competition
Business Outcome
Acquired

Cause of Failure

Kno was one of the first companies to launch Tablet Computers in 2010. The company introduced 14.1” touchscreen textbook tablet with single and dual panels on the Linux and Webkit OS.

Despite having raised close to $80 million in venture capital the company quickly saw its chances of scaling up diminish drastically once Apple introduced its now iconic iPads and iPhones. Their final blow came when Apple entered the educational sector by providing textbooks as well.

With falling revenues and fundings running low, Kno tried to pivot to a couple of different solutions none of which would prove profitable. At last, in 2013, Intel purchased the startup for a bargain, $15 million, and the entire team of Kno, except its CEO, joined Intel.

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