Presto Raises $30M in Growth Financing

prestoPresto, a Redwood City, CA-based enterprise front-office software platform for the hospitality industry, raised $30M in growth funding.

The round was led by Recruit Holdings and Romulus Capital with participation from I2BF Global Ventures, EG Capital and Brainchild Holdings.

The company intends to use the funds to expand products and services.

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.
The platform currently includes:
– 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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