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The Kno is a crazy ambitious tablet with twin 14 inch touchscreen displays. The device is aimed squarely at the education market, where it could replace textbooks, laptop computers, and paper notepads in one fell swoop. It’s not really meant to be a tablet for general consumers, and at 5.5 pounds, it’s not really in the same class as the Apple iPad or a typical netbook. But it sure does look cool.

If you were worried that the Kno, with its NVIDIA Tegra chipset, $1000 price tag, and twin IPS LCD displays was nothing more than vaporware, well it’s still not ready to go just yet. But the company behind the Kno tablet has announced that it’s raised $46 million in financing, which brings the total raised to $55 million. That should give Kno a pretty good head start on making its product real, and Kno says it’s due for release later this year.

This year. As in, by the end of 2010. Now if only the company could do something about that expected $1000 price tag.

via GigaOm