Presto - About the company
Presto is a public company based in San Carlos (United States), founded in 2008 by Rajat Suri and David Jay. It operates as a Provider of voice artificial intelligence automation for drive-thru restaurants. Presto has raised $82.6M in funding from investors like Intel Capital, Romulus Capital and SV Angel. The company has 76 active competitors, including 9 funded and 6 that have exited. Its top competitors include companies like Conversenow Ai, iPourIt and VenHub.
Company Details
Provider of voice artificial intelligence automation for drive-thru restaurants. The company offers voice AI solutions to optimize staff efficiency and improve order accuracy. It utilizes a spectrum of voice AI for drive-thru operations. The company's solution integrates with existing point-of-sale and headset systems.
- Website
- presto.com
- Social
- Email ID
- *****@presto.com
Key Metrics
Founded Year
2008
Location
San Carlos, United States
Stage
Public
Total Funding
$82.6M in 12 rounds
Latest Funding Round
Investors
Ranked
1st among 76 active competitors
Annual Revenue
$10M - $50M as on Jun 30, 2023
Employee Count
358 as on Sep 30, 2026
Exit Details
Public
Legal entities associated with Presto
Presto is associated with 4 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
Presto Automation Inc. CIN: 1822145 , United States, Active | $10M - $50M (As on Jun 30, 2023) | - | - | |
VENTOUX CCM ACQUISITION CORP. CIN: 1822145 , United States, Active | - | 137 (As on Jun 30, 2023) | - | |
PRST AUTOMATION INDIA PRIVATE LIMITED CIN: U62099KA2023FTC175664 , India, Active | Jul 06, 2023 | 0 - ₹10 Cr (As on Mar 31, 2024) | - | |
E LA CARTE CIN: 263569655 , United States, Active | Dec 31, 1999 | - | 39 (As on Dec 31, 2015) | - |
Presto's IPO details
Presto got listed on Feb 05, 2021.
Click here to take a look at Presto's IPO in detail
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Presto's funding and investors
Presto has raised a total funding of $82.6M over 12 rounds. Its first funding round was on 2010. Its latest funding round was a Post IPO round on Sep 28, 2026 for $*****. 1 investor participated in its latest round. Presto has 26 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of Presto:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 28, 2026 | 8456075 | Post IPO | 1132966 | 1156534 | 5433436 | 7783168 |
Dec 23, 2025 | 4611149 | Post IPO | 9961290 | 9476926 | 4050280 | |
Dec 23, 2024 | 2277326 | Post IPO | 6523289 | 2155212 | 5090631 | 2513299 |
Access funding benchmarks and valuations. Sign up today!View details of Presto's funding rounds and investors
Presto's founders and board of directors
Founder? Claim ProfileThe founders of Presto are Rajat Suri and David Jay.
Here are the details of Presto's key team members:
- Rajat Suri: Former Founder & CEO of Presto and founder of 1 other company. They are also an angel investor in 4 startups.
- David Jay: Co-Founder, Presto of Presto.
Presto's Board of Directors
Presto's board has 11 active members. Krishna Gupta, Xavier Casanova, Ed Scheetz, Ilya Golubovich, Gail Zauder, Susan Shinoff, Dan Mosher, Bill Healey, Keith Kravcik, Stanley Mbugua and Scott Raskin are independent board members.Here is the list of Presto's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 3y 5m | |
gkxakdq | Independent board member | - | Current | 2y 1m |
tlhplcz | Independent board member | - | Current | 4y 5m |
wrlcxwz | Independent board member | - | Current | 6y 3m |
jaio{zk | Independent board member | - | Current | 5y 5m |
nyeqeto | Independent board member | - | Current | 4y 6m |
kbjvhpx | Independent board member | - | Current | 4y 6m |
plptbmb | Independent board member | - | Current | 5y 8m |
qtkfw{p | Independent board member | - | Current | 9y 5m |
plmovpx | Independent board member | - | Current | 4y 6m |
cvexjct | Independent board member | - | Current | 6y 8m |
View details of Presto's Founder profiles and Board Members
Presto's employee count trend
Presto has 358 employees as of Sep 26. Here is Presto's employee count trend over the years:
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Presto's Competitors and alternates
Top competitors of Presto include Conversenow Ai, iPourIt and VenHub. Here is the list of Top 10 competitors of Presto, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Presto 2008, San Carlos (United States), Public | Provider of voice artificial intelligence automation for drive-thru restaurants | $82.6M | 74/100 | |
2nd |  Conversenow Ai 2018, Austin (United States), Series A | Developer of voice artificial intelligence solutions for the restaurant industry | $28.8M | 56/100 | |
3rd | iPourIt 2012, Santa Ana (United States), Series B | Developer of self-serve wine system for bars &restaurants | $3.76M | 54/100 | |
4th |  VenHub 2012, Cheyenne (United States), Public | Provider of automated retail solutions for various industries and applications | - | - | 51/100 |
5th |  Applestone Solutions 2021, Stone Ridge (United States), Unfunded | Cloud-based vending machine solutions for retail businesses | - | - | 42/100 |
6th |  Of.one 2022, Oakland (United States), Acquired | Provider of AI-enabled voice ordering solutions to drive-through and restaurant businesses | $500K | 39/100 | |
7th | OpenCity 2016, Boston (United States), Series A | Online chat platform for customers | $6.41M | 37/100 | |
8th |  Brysk 2023, Wilmington (United States), Seed | Developer of autonomous checkout platform for small format retail businesses | $120K | 36/100 | |
9th |  VOICEplug 2020, Palo Alto (United States), Funding Raised | Provider of an AI-based voice assistance solution for restaurants | - | 36/100 | |
10th | Valyant AI 2017, Denver (United States), Acquired | Provider of digital tools for calculating income tax and superannuation | $17M | 33/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Presto's competitors? Click here to see the top ones
Presto's Investments and acquisitions
Presto has made 2 investments in Octra and Owlto. Presto has not made any acquisitions as of now.Reports related to Presto
Here is the latest report on Presto's geography:
News related to Presto
Filter this listMedia has covered Presto for a total of 4 events in the last 1 year, 1 of them has been about partnerships and 1 about people movement.
•
Voice AI Specialist Presto Secures $10 Million in Funding Amidst QSR Digitalization PushRetail Technology Innovation Hub•Sep 29, 2026•REMUS, Presto
•
Presto Announces Integration with Toast to Expand Voice AI for Drive-Thru AutomationBusiness Wire•Sep 21, 2026•Toast, Presto
•
Presto Appoints Former Dairy Queen CEO Chuck Mooty as Strategic AdvisorBusiness Wire•Jan 14, 2026•Presto
•
Presto Secures $10M Funding to Fuel Expansion and Innovation in Drive-Thru AIRestaurant Dive•Jan 09, 2026•REMUS, Presto, Metropolitan Partners Group, Link Ventures and 1 other
•
Wendy’s FreshAi founder becomes Co-Founder and President at Presto IQRetail Technology Innovation Hub•Aug 14, 2025•Wendy's International, Presto
•
Presto Launches Phone Ordering Business Unit, Expanding its Enterprise-Grade Suite of Voice AI for QSRsBusiness Wire•Apr 14, 2025•Presto
•
Presto agrees US wide expansion with Galardi Group for Voice AI drive-thru solution at WienerschnitzelRetail Technology Innovation Hub•Mar 10, 2025•Presto, Galardi Group, Wienerschnitzel
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Beyond voices: Dubformer raises €3.4 million to transform the art of dubbingEU-Startups•Mar 04, 2025•DubFormer, Almaz Capital, s16vc, Vena Marketing and 10 others
•
InfinityGround Secures $2 Million in Seed Funding, with Animoca Brands Among InvestorsPANews•Feb 21, 2025•Animoca Brands, MARBLEX, MH Ventures, KuCoin and 5 others
•
All-In-One EV Charging Platform Presto Raises $15M in Seed Funding, Partners with Uber, Avis, Hertz, and ZipcarMiningstockeducation•Feb 06, 2025•Presto, Union Square Ventures, Congruent Ventures, Powerhouse Ventures and 5 others
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