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Founded at MIT in 2008, Presto spent its formative years building cutting-edge technology that transformed the way diners ordered, paid for, and interacted with their favorite full-service restaurant brands. Then COVID arrived and upended the restaurant industry.
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Nov 15, 2021 · Presto will merge with special purpose acquisition company Ventoux CCM Acquisition Corp. to become a public company with an estimated pro forma equity value of about $1 billion, the company announced last week.
- Julie Littman
Nov 10, 2021 · Presto offers next-generation touch, vision, and voice technologies to the highly analog restaurant industry. Presto is poised to capture a significant share of the $205 billion restaurant labor productivity market.
Jan 14, 2019 · The founder and CEO of the restaurant tech startup Presto spent a year and a half waiting tables and testing technology prototypes to improve restaurant operations. "What I have learned from being a waiter is just how hard the restaurant business can be," Suri told Restaurant Dive.
Presto Automation has merged with shell company Ventoux to go public in one of the few successful SPAC deals in recent months, raising about $120 million from the public as well as a strategic investment from Cleveland Avenue and others and an infusion from Ventoux’s trust fund.
Nov 10, 2021 · Presto, a provider of digital ordering systems for restaurants, is going public by merging with Ventoux, a special purpose acquisition company (SPAC), the two announced Wednesday. The combined company will be valued at $1 billion.
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Sep 21, 2022 · Founded at M.I.T. in 2008, Presto is headquartered in Silicon Valley, Calif. with customers including many of the top 20 restaurant chains in the U.S. Forward-Looking Statements