Presto
Presto, formerly known as E la Carte, is a B2B company based in San Carlos, CA, specializing in AI-driven technology solutions for the retail and restaurant industries, automating services for major chains like McDonald's and Starbucks.
Company History
Presto, formerly known as E la Carte and Presto (E la Carte), is based in San Carlos, CA, USA. Founded in the Silicon Valley accelerator Y-Combinator during the S10 batch, Presto has grown to a team size of 200. The company operates in the B2B sector, specifically focusing on the retail sub-industry. Over time, Presto has been recognized for its innovation and impact within the industry.
CEO Krishna Gupta
Krishna Gupta, the CEO of Presto, has been featured in several video interviews discussing the company's direction and technology. Under his leadership, Presto has introduced groundbreaking advancements such as the AI integration in DriveThru services and new ChatGPT functionalities. These innovations highlight Gupta's strategic vision for leveraging AI in the restaurant industry.
Innovative AI Technology
Presto is at the forefront of integrating advanced AI technologies in drive-thru restaurants. The company's Presto Voice™ technology, which combines Computer Vision, Voice AI, payments, and advanced hardware/software solutions, is deployed in big chain restaurants like McDonald's, Starbucks, KFC, and Chili's. This technology automates drive-thru operations, reducing installation times to just a few hours with no operational disruption. Key benefits include annual labor cost savings equivalent to 1 Full-Time Equivalent (FTE) and potential monthly incremental upsell revenue of up to 6% per store.
Industry Recognition and Awards
Presto has received notable industry recognition, such as the Checkers and Rally’s 2022 “Supplier of the Year” award for Innovation. This accolade underscores the company's contribution to enhancing the efficiency and performance of drive-thru operations. Furthermore, Presto has been featured in prestigious media outlets including Best Stocks, Public.com, Benzinga, InvestorPlace, The Street, PYMNTS, and Restaurant Business.
Key Partnerships and Deployments
Presto has successfully deployed over 277,000 products across the United States, significantly impacting the retail B2B sub-industry. The company has unveiled partnerships with major restaurant chains to implement its advanced DriveThru AI technology. These collaborations highlight Presto's role in modernizing the drive-thru experience and its commitment to delivering innovative solutions in the restaurant industry.