• Businessweek, Friday, April 8, 2011 12:30 PM

Intel's venture capital arm is reportedly leading a $30 million funding round in digital textbook and tablet maker Kno. Sources tell Bloomberg that the funding may include equity and debt, and could be joined by Kno's previous investors.

"The funding boosts Intel's involvement in the growing field of educational technology," Bloomberg writes -- a market that may surpass $47 billion this year, according to research firm Compass Intelligence. "The alliance may also help Santa Clara, California-based Intel find wider distribution for its chips in tablet computers."

Founded in 2009, Kno raised $46 million in equity and debt financing last September from investors including Andreessen Horowitz. Late last year, Kno said it would charge $599 for its single-screen tablet aimed at students and $899 for a dual-screen version. The company shipped a limited number of the devices in December and then suspended sales.

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