Prior to co-founding PointGuard Ventures, Pete co-founded ATA Ventures in 2004, a firm that has raised three funds with capital of $440M during the last 10 years. ATA invested in over 40 companies that provide solutions to a broad range of markets through innovative technology. Pete was on the board and directly involved in 10 of those companies.
Pete’s achievements are represented by a wide variety of successful Public Offerings including Atmel (ATML), @Road (ARDI), Altera (ALTR), Cirrus Logic (CRUS), FormFactor (FORM), Office Club (OCLB), NeoPhotonics (NPTN), Telcom Semi (TLCM), and Transmeta (TMTA) as well as successful M&A of Silicon Light Machines (Cypress Semi), IC Works (Cypress Semi), Nanogram (Teijin), Menlo Care (Ethicon) and others. Prior to IVP, Pete was an Associate with Technology Venture Investors (TVI) for three years with investment and board roles in a number of companies including Nellcor (NELL). Prior to TVI, Pete spent seven years at Intel Corporation managing engineering, strategic planning, and marketing departments, and prior to Intel spent six years in engineering roles at Fairchild and Sylvania EDL.
Pete has always enjoyed finding game changing investment opportunities. Altera was the company that invented the FPGA, Nellcor created the standard of care for pulse oximetry, FormFactor developed the first full wafer test system for semiconductors, @Road was the first SaaS company developing innovative location tracking for corporate fleet operations, Silicon Light Machines developed the first laser scanning image projector, Office Club was the first warehouse company providing office products, Nanogram was one of the first companies capable of producing quaternary compounds with controlled nano-size and quality, Transmeta was the first company to provide a low power processor solution for the X86 PC market, Adesto is providing a next generation non-volatile memory technology (CBRAM), and InSilixa is developing the world’s first platform to provide multiplexed disease detection within 60 minutes providing specificity, disease loading, and drug resistance information in one test. Pete enjoys identifying big market opportunities and works with management to successfully deliver those solutions.
Pete graduated magna cum laude with a BSEE degree from Utah State University and received his MS in Computer Science from the University of Santa Clara. He is a member of Utah State University’s Foundation Board and a recipient of their Distinguished Alumni Award.
For more than two decades Krish has built successful technology businesses which have created multi-billion dollar markets, and he has led companies through explosive revenue growth and global expansion. In the last 6 years, as both a General Partner at the GXO venture firm and privately, his investments of both financing and mentoring, have build companies such as, Prysm, mBlox, Altierre, Oberon Media, Teknovus (sold to Broadcom), Stratalight (sold to Opnext), Dilithium Networks (sold to OnMobile), ReachLocal (IPO in May, 2010), enLighted, PINC Solutions, Silverback Learning Solutions and Sand Hill Finance.
From 1999 to 2007 he was Chairman, CEO and President of @Road, Inc., a worldwide leader in Mobile Resource Management solutions. Mr. Panu built the start-up company from 1998, raised more than $80 million in venture funding and brought it through a successful IPO in 2000 and a successful secondary offering in 2003. In the years to follow, Mr. Panu successfully acquired and integrated several companies into @Road. Under his leadership, @Road became one of the first profitable Software As A Service companies (SaaS). In February, 2007, Mr. Panu successfully negotiated and completed a merger between @Road and Trimble Navigation Ltd. for almost half a billion dollars.
Prior to @Road, Mr. Panu served as Vice President and General Manager of the Logic Products division of semiconductor manufacturer Atmel Corporation, where he directed the engineering, manufacturing, software development and marketing groups. Prior to Atmel, Mr. Panu held executive sales and marketing roles at Catalyst Semiconductor, Datapoint Corporation and Xicor.
Through his many experiences in building successful technology businesses, Mr. Panu has developed a broad network of relationships in venture capital, investment banking and entrepreneur communities. Additionally, Mr. Panu serves as President of Panu Foundation, a nonprofit corporation which provides grants to educational institutions and supports healthcare research and other charitable activities around the world.
Mr. Panu holds a B.S. in Electrical Engineering, an M.S. in Computer Engineering and an M.B.A. from Wayne State University in Michigan.