Layoff
Mar 2024Presto laid off 18% of staff (24 corporate roles) as it narrowed focus to drive-thru AI and sought to reduce annual costs by about $3.1 million.
SourceCompany research
Public company, workplace, funding, and market signals
Overview
Presto Phoenix, Inc. is a San Mateo/San Carlos-based restaurant-technology company focused on drive-thru Voice AI for quick-service restaurants. Its primary product, Presto Voice, automates order-taking and upselling while integrating with existing POS and drive-thru hardware. Public sources describe the business as a distributed, customer-first, enterprise automation platform that traces its roots to the 2008-founded Presto/Presto Automation business and was recapitalized after a 2025 asset sale.
Primary product
Presto Voice
Founded
2008
Headquarters
San Mateo, California, United States; physical address listed as 985 Industrial Rd. Suite 205, San Carlos, CA 94070
Team size
51-200
Work style
Flexible
Industry
Software Development
Sub-industry
Drive-thru Voice AI / restaurant automation
Offices
San Mateo, California, United States
San Carlos, California, United States
Redwood City, California, United States
Dallas, Texas, United States
Atlanta, Georgia, United States
Ontario, Canada
Business model
Enterprise B2B software
Managed Voice AI deployment services
Restaurant technology integration
Funding
Stage
venture-backed private
Total raised
$480.6M
Latest round
Venture Round · Jan 2026
Latest amount
$10M
People & investors
Leadership
CEO / Co-founder
COO & Acting President
Chief Financial Officer
Chief Technology Officer
General Counsel & Corporate Secretary
Chief of Staff
Founders
Founder; former CEO
Work & culture
Distributed and mostly remote, with a strong emphasis on ownership, teamwork, customer impact, and creative exploration. The company’s careers page stresses winning together, collaboration across locations, and building innovative restaurant technology.
Work style
Flexible
Compensation
Publicly visible compensation signals are limited to competitive salary and stock options; no detailed pay bands were found.
Benefits
Competitive salary
Stock options
Health insurance
Dental insurance
Vision insurance
Team events
Product & market
Pricing
Custom enterprise quote / contact-sales model; no public pricing is listed.
Differentiators
- —Spectrum of Voice AI modes, including supervised, pure, agent-led, and unsupervised
- —Integrates with existing POS, speakers, and drive-thru hardware
- —Menu Unification standardizes fragmented menu data across locations
- —Multilingual ordering, including Spanish voice AI
- —Upsell optimization with reported revenue lift
- —Designed for fast installation with minimal disruption
- —24/7 service with human-in-the-loop fallback options
Technology
Presto
Java
Python
TypeScript
JavaScript
Terraform
Kubernetes
AWS Lambda
Docker
PostgreSQL
MySQL
RabbitMQ
Redis
GraphQL
Django
Flask
TensorFlow
PyTorch
Jenkins
Prometheus
Customers
Dairy Queen
Wienerschnitzel
Taco John’s
Carl’s Jr.
Hardee’s
Del Taco
Checkers
Rally’s
Yoshinoya
Galardi Group
Competitors
SoundHound
Hi Auto
OpenCity
Valyant AI
Google FreshAI
ConverseNow
Scale & contact
Estimated revenue
$20M-$30M
Estimated monthly visits
49.7K
Traffic estimate as of Jun 2026
Signals & risks
Layoff
Nov 2023A 2024 SEC filing referenced an approximately 17% reduction in force implemented in November 2023, showing prior workforce contraction.
SourceShutdown
May 2024Presto said it would wind down its Touch pay-at-table business and exit the line as customer contracts expired by the end of June 2024.
SourceAcquisition
Jan 2025A consortium led by Remus Capital acquired Presto Automation’s assets in an Article 9 sale, forming Presto Phoenix with $18 million of new capital.
SourceOther
Feb 2024A 10-Q disclosed substantial doubt about the company’s ability to continue as a going concern absent additional capital and operational improvement.
SourceLatest news
Presto · Apr 2026
ADQ announced a partnership with Presto on Voice AI, starting with drive-thru and expanding from corporate stores to select franchisees after a successful pilot.
Presto · Apr 2026
Presto announced Krishna Gupta’s return as CEO and described accelerated deployment of its drive-thru Voice AI platform across major restaurant brands.
Presto · Jan 2026
Presto announced a $10 million funding add-on led by Metropolitan Partners Group, with participation from Remus Capital, Link Ventures, and strategic angels.
Presto · Mar 2025
Presto expanded its Voice AI rollout with Galardi Group at Wienerschnitzel, citing 35 live locations and more than 50 enrolled.
Presto · Feb 2025
Presto introduced Menu Unification to standardize fragmented menu data and make drive-thru Voice AI deployment easier and more scalable.
Jobs and careers at Presto
0 jobs at Presto
No open positions
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