Presto Raises $30M in Growth Financing
Summary
Presto , a Redwood City, CA-based enterprise front-office software platform for the hospitality industry, raised $30M in growth funding. Founded in 2008 out of MIT by Rajat Suri, CEO, Presto provides a technology suite for foodservice and hospitality chains to expand operating profits by speeding consumer experiences and improving labor productivity. – Presto Wearable for instant notification of real-time guest concerns or operational issues, – Presto A.I., which leverages machine learning to accurately forecast labor staffing requirements so restaurants are not over or under-staffed on any given shift, – PrestoPrime Tabletop, which allows guests to order and pay from their seats without waiting as well as access games and other entertainment content.
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