Krishna Gupta Co-Founded Presto Phoenix Raises $10M in Funding

Presto Phoenix, Inc., a San Mateo, CA-based provider of enterprise-grade Voice AI for quick-service restaurants (QSRs), has raised $10 million in a funding round.

The round saw backers including Remus Capital-affiliated investors and other existing investors.

The company will use the capital to expand its deployments, technology and customer impact.

What is Presto Phoenix?

Presto Phoenix develops Voice AI technology for restaurant drive-thrus. Its platform, Presto Voice, helps QSRs automate voice interactions with customers and improve the drive-thru experience.

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The company says its products are designed to increase revenue, reduce labor costs, improve staff productivity and provide a more consistent guest experience.

How Much Funding Has Presto Phoenix Raised?

Presto Phoenix has raised $10 million in its latest funding round. The source does not provide details of its previous funding rounds or total funding raised.

Who Invested in Presto Phoenix’s Funding Round?

The funding round included:

• Remus Capital-affiliated investors
• Other existing investors

The source does not identify the individual investors participating in the round.

Why the Funding Matters

Presto Phoenix plans to use the new capital to expand its deployments, continue developing its technology and increase its impact among restaurant customers.

The funding comes as the company expands deployments with existing customers, launches with new customers and adds new capabilities to its Voice AI platform.

Who founded Presto Phoenix?

Presto Phoenix was founded in 2008 by Krishna Gupta and is headquartered in San Mateo, California.

The company focuses on Voice AI technology for restaurant drive-thrus and is expanding across the United States.

“Over the past several months, we’ve continued to prove that Voice AI can deliver meaningful results at scale across some of the most demanding drive-thru environments and menus,” said Krishna Gupta, Co-founder and CEO of Presto.

“We are pleased to see Presto’s progress and are fully supportive of the company and its leadership. AI is digitalizing the world, and we are now seeing clear tailwinds for QSR adoption to accelerate: the labor environment, the need to standardize best practices, and the realization that without the data there is no way to keep up with agentic leaders,” said John Tincoff from Remus Capital.

Market and Business Growth

Presto Phoenix is expanding its Presto Voice platform through deployments with existing customers and launches with new customers.

The company has also announced partnerships with Toast and AI companies including ElevenLabs and Bluejay, which are part of its proprietary AI platform.

Presto is expanding nationwide with several recognized quick-service restaurant brands in the United States.

What Happens Next?

Presto Phoenix plans to use the funding to expand its deployments, develop its technology and support continued growth of its Voice AI platform across the QSR market.

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