Presto Raises $30M

Presto, an enterprise front-office software platform, announced $30M in growth funding led by Recruit Holdings and Romulus Capital with participation from I2BF Global Ventures, EG Capital and Brainchild Holdings.

 The funding will be invested directly into growth of the Presto platform, which currently includes:

• Presto Wearable for instant notification of real-time guest concerns or operational issues. It saves time for the staff and speeds up the experience for consumers.
• Presto A.I. leverages machine learning to accurately forecast labor staffing requirements so restaurants are not over or under-staffed on any given shift.
• PrestoPrime Tabletop allows guests to order and pay from their seats without waiting as well as access games and other entertainment content

Both IoT and A.I. have been taking hospitality by storm as the industry looks to compete with the speed and convenience of e-commerce. And Applebee’s rolled out PrestoPrime Tabletop devices that allow guests to order, pay and entertain themselves at the table without having to wait.