Presto Phoenix Raised $10 Million in Funding
The San Mateo company secured new capital to support its enterprise-grade Voice AI platform for the restaurant industry.
Updated on Sept. 28, 2026 in Startups
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Presto Phoenix, Inc. has raised $10 million in a new funding round to accelerate the growth of its voice-based technology. The capital was provided by investors affiliated with Remus Capital and other existing backers.
Why it matters
The infusion of capital will support the continued momentum of the Presto Voice platform and the expansion of its core product capabilities for quick-service restaurants.
Presto Phoenix raised $10 million in total funding from Remus Capital-affiliated investors and existing stakeholders. The company provides enterprise-grade Voice AI technology tailored for quick-service restaurants.
The players
Presto Phoenix, Inc.
This company is based in San Mateo and specializes in providing enterprise-grade Voice AI technology for the quick-service restaurant industry.
Remus Capital
This venture capital firm focuses on investing in early-stage technology companies and provided support for the current funding round.
Toast
This company provides a cloud-based digital technology platform specifically designed for the restaurant industry.
ElevenLabs
This firm specializes in advanced voice AI and generative speech technology software.
Bluejay
This organization develops specialized technical solutions that integrate with restaurant operations platforms.
The details
In addition to the financial boost, Presto has expanded its deployments with existing customers and launched with new ones. The company also announced strategic partnerships with Toast, ElevenLabs, and Bluejay to enhance its service offerings.
Timeline
Presto announced the $10 million funding round on September 28, 2026.
Market Landscape
This funding effort follows the broader industry trend of integrating AI-driven order-taking systems in quick-service restaurants. It positions Presto to compete more aggressively in the automation space alongside established digital restaurant platforms.
Restaurant customers may encounter more sophisticated and responsive voice-ordering systems at quick-service locations as these technologies continue to scale. These advancements aim to streamline the ordering process, potentially reducing wait times for diners.
The takeaway
Voice AI is rapidly becoming a standard tool for streamlining high-volume restaurant operations. Investors are betting that this technology will continue to replace traditional manual order-taking methods in the quick-service sector.
Further reading
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Live Poll
Do you prefer using automated voice systems over human interaction when ordering at restaurants?
