The Venture Codex Logo

The Venture Codex

Presto

985 Industrial Road, San Carlos, California, 94070, United States

Overview

Presto Phoenix develops a voice artificial intelligence platform purpose-built for quick-service restaurant (QSR) drive-thrus. Its technology aims to increase restaurant revenue, cut labor costs, boost staff productivity, and improve the overall guest experience by automating order taking. The company positions its product as an enterprise solution that can be rapidly deployed across large QSR chains. A graduate of Y Combinator, Presto Phoenix plans to use newly raised capital to scale operations and accelerate product development. Management highlights the platform’s ability to serve high-volume, multi-location operators, although no user or revenue figures were disclosed. The firm’s recent funding underscores growing investor interest in applied voice AI within the food-service sector.

Total raised
$109M
Funding rounds
7
Latest round
Equity
Latest activity
Jan 2026

Industries

  • Artificial Intelligence (AI)
  • Enterprise Software
  • Food and Beverage
  • Restaurants
  • SaaS
  • Software
Visit website

Recent funding

  1. Equity

    Jan 2026

    $10M

  2. Series D

    Feb 2019

    $30M

  3. Debt Financing

    Apr 2016

    $15M

  4. Series C

    Sep 2014

    $35M

  5. Series B

    Jun 2013

    $14M

Team

  • Rajat Suri

    Founder and CEO

    LinkedIn
  • Michael Chorey

    Co-Founder and President

    LinkedIn
  • Raj Misra

    Vice President, Marketing

    LinkedIn
  • Shomik Majumdar

    Senior Director Account Management

    LinkedIn