Presto Automation Inc (PRST) Financial

Presto Automation, Inc. engages in the provision of enterprise-grade artificial intelligence (AI) and solutions to the restaurant industry. The company is headquartered in Greenwich, Connecticut and currently employs 137 full-time employees. The company went IPO on 2020-12-30. The firm offers an AI solution, Presto Voice, to quick service restaurants (QSR). Presto Voice is an AI-driven system with human oversight and is available 24/7. With Presto Voice, its customers can mitigate the impact of the labor shortage, supercharge upsell, and provide an improved guest experience. Presto Voice's custom voices add-on service enables guests to talk to celebrities, mascots, characters, or any other custom voice while placing an order. Presto Voice takes up to 95% of drive-thru orders without any restaurant staff intervention. Its system is installed in a few hours without requiring any disruption to its customers’ existing operations. Presto Voice automatically ingests its customers’ menu and connects with their existing systems, such as point of sale (POS), confirmation board and drive-thru speaker, among others.