Steve Petilli Overview

  • Primary Position
  • Venture Partner

  • Primary Industry
  • Information Technology

Steve Petilli General Information

Biography

Mr. Steve Petilli serves as a Venture Partner at Cove Fund. He served as Chief Executive Officer & Board Member at Bitcentral. He is the Chairman of the Board, and President, and serves as the Chief Executive Officer at SwitchRay. He brings a strong history of product innovation, with a solid track record of building new businesses in the technology arena. Most recently, he headed the Navigation and Telematics division of Telecommunication Systems (Nasdaq: TSYS). He joined the corporation as part of the $170 million acquisition of Networks in Motion (NIM), a company he co-founded, operated and guided as Chairman of the Board. NIM was a pioneer in mobile software development and one of the most successful mobile technology acquisitions of 2009. He experienced his first major entrepreneurial success in 2000 when he sold Pivotal Technologies to Broadcom (Nasdaq: BRCM) for $240 million. As one of the founders, he expanded the company through two financing rounds before the acquisition. At Broadcom, he served as the Senior Engineering Director and headed up the high-speed video interface chipsets. He began his career at IBM and later worked for the Communications Research section at NASA's Jet Propulsion Lab (JPL) where he built complex systems for deep space communications. He holds a BSEE degree from Rensselaer Polytechnic Institute and an MSEE degree from the University of Southern California. He has several published papers in the area of digital signal processing (DSP) and semiconductor IC design and holds over one dozen patents in mobile technology, semiconductors, and communications.

Contact Information

Primary Position
Venture Partner, Cove Fund
Education
University of Southern California (USC), MS (Master of Science)
Rensselaer Polytechnic, BS (Bachelor of Science)
Gender
Male
Address
  • 5270 California Avenue
  • Suite 100
  • Irvine, CA 92617
  • United States

Steve Petilli Positions (1)

Firm name Firm type Title Location Industry Since
Cove Fund Investor Venture Partner Irvine, CA Venture Capital

Steve Petilli Lead Partner on Deals (1)

Steve Petilli has been the lead partner on 1 deal. Their latest deal was with Powr.tv, a entertainment software company. The deal was made on 25-Jan-2022.

Company Deal Date Deal Type Deal Size Deal Status Industry Location
Powr.tv 25-Jan-2022 Merger/Acquisition Completed Entertainment Software Sarasota, FL

Steve Petilli Network (11)

Board Members (6)

Name Company Representing Location From
Greg Mason Bitcentral Self Newport Beach, CA
Bill Bradford Bitcentral Self Newport Beach, CA
Bitcentral Bitcentral Newport Beach, CA
Bitcentral Self Newport Beach, CA
Bitcentral Bitcentral Newport Beach, CA

Portfolio Executives (5)

Name Company Role Deal date Location
Ryan James Powr.tv Co-Founder & Chief Design Officer 25-Jan-2022 Sarasota, FL
Krish Arvapally Powr.tv Co-Founder & Chief Technology Officer 25-Jan-2022 Sarasota, FL
Powr.tv Co-Founder & Chief Executive Officer 25-Jan-2022 Sarasota, FL
Powr.tv Co-Founder & Interim President 25-Jan-2022 Sarasota, FL

Steve Petilli FAQs

  • Who is Steve Petilli?

    Mr. Steve Petilli serves as a Venture Partner at Cove Fund.

  • How much does Steve Petilli typically invest?

    Steve Petilli's median deal size is .

  • What is Steve Petilli’s main position?

    Steve Petilli’s primary position is Venture Partner.

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