"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.