Sunday, August 22, 2010

Inkling Lands Venture Funding, Launches Digital Textbook Platform for iPad

Digital Media Wire: "San Francisco - Inkling, the developer of a digital textbook platform, on Friday announced the launch of application for Apple's iPad, and said it raised an undisclosed amount in a first round of venture capital financing. Sequoia Capital led the investment round; Kapor Capital, Sherpalo Ventures and Felicis Ventures also participated. San Francisco-based Inkling's digital textbook platform offers students the ability to collaborate and add multimedia content to texts."

MacNN: "A new developer, Inkling, is bringing a variety of high-profile school textbooks to the iPad. The first four are from McGraw-Hill, and described as best-sellers in biology, economics, marketing and psychology; these should be available today, at an early cost of $3 per chapter or $70 for an entire book. In the near future prices should be hiked to $4 and $85, respectively. In digital form the books have been enhanced with a number of multimedia elements, such as quizzes, video lectures and 3D models."