Presto Automation Announces Sale of Assets to Consortium Led by Remus Capital

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GlobeNewswire 2w ago

Presto Automation Announces Sale of Assets to Consortium Led by Remus Capital - GlobeNewswire

Quick Summary:

New business fully capitalized to expand Drive-Thru Voice AI leadershipSAN CARLOS, Calif., Jan.07, 2025 (GLOBE NEWSWIRE) -- Presto Automation ("PRST”), a leading provider of AI-driven solutions for the quick-service restaurant (QSR) industry, today announced the conclusion of its Article 9 sale process and the successful auction results from December 3, 2024 of the Presto Automation business.

With an injection of $18M of new capital by all new stakeholders, Presto is well-capitalized and focused only on rapidly growing its market-leading Voice AI business for drive-thru restaurant chains across America.

We believe every drive-thru chain in America can benefit from the magic of Presto's AI in 2025.” Presto Voice leverages custom Voice AI technology to automate order-taking in drive-thrus, improving efficiency and accuracy while enhancing the overall customer experience.