Presto Automation, Inc.
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- Presto Automation, Inc. Presto Automation, Inc. (PRST) provides artificial intelligence (AI) and automation solutions to the restaurant enterprise technology industry, primarily serving quick-service restaurants (QSRs) and casual dining chains throughout the United States. The company offers Presto Voice, an AI-powered drive-thru ordering assistant that automates complex order processing—including large orders with multiple modifications and add-ons—with minimal staff intervention, while enabling consistent upselling, improving order accuracy, and enhancing guest experiences; Presto Touch, a pay-at-table tablet solution that supports self-serve ordering, payment processing, personalization features, and gaming for diners; and related software for integrating with point-of-sale systems, headsets, and kitchen displays to streamline operations and provide analytics on sales trends, staffing, and menu performance. Founded in 2008 and headquartered in San Carlos, California, Presto Automation targets QSR drive-thrus and full-service venues such as chains, stadiums, casinos, and entertainment centers, focusing on labor cost reduction, revenue growth through upselling (up to 6% monthly incremental increases), and efficiency gains (up to 95% non-intervention rates). In January 2025, Presto Automation completed the sale of its key assets—including its core Voice AI technology, platform, and team—to a consortium led by Remus Capital, along with Link Ventures and Metropolitan Partners Group, its former lender, via an Article 9 process, followed by a $18 million capital injection to fuel expansion. This transaction resulted in the creation of Presto Phoenix, Inc., a new private entity under CEO Gee Lefevre (formerly of Presto), which retained operations from San Mateo, California, and committed to dominating the QSR Voice AI market by scaling deployments across U.S. drive-thru chains with several major recognized brands. The strategic shift from public to private structure provides enhanced operational flexibility, business continuity, and funding for nationwide growth amid prior financial challenges.
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Presto Launches Industry-First Menu Unification Product: Enabling The Most Frictionless and Scalable Drive-Thru Voice AI
Presto Automation Announces Sale of Assets to Consortium Led by Remus Capital
UPDATE – Presto Pilots Drive-Thru Voice AI at Taco John's
Presto Pilots Drive-Thru Voice AI at Taco John's
Presto Automation Inc. (PRST) Q3 2024 Earnings Call Transcript
Presto Automation Announces Fiscal Third Quarter 2024 Financial Results
Presto Announces Pilot of Spanish Voice AI for Drive-Thrus
Presto to Report Fiscal Third Quarter 2024 Financial Results
Presto Introduces Presto Voice™ with Pure AI for Enhanced Automated Drive-Thru Ordering
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Presto Automation Announces Pricing of $1.2M Registered
Presto Automation Announces Pricing of $1.2M Registered Direct Offering Priced above Nasdaq Minimum Price
Why Is Presto Automation (PRST) Stock Up 77% Today?