Presto Expands International Presence
11 Julho 2023 - 12:52PM
Presto Automation Inc. (NASDAQ: PRST), one of the largest
drive-thru automation technology providers in the hospitality
industry, today announced its expansion into India, with the
formation of an Indian entity and a 50-person team focused on
product development and engineering.
“We have a tremendous opportunity to continue leading the way in
the restaurant industry with the development and delivery of
innovative AI software products – both Voice and Touch – with
scalable, and cutting-edge technology,” said Krishna Gupta,
Chairman and Interim CEO of Presto. “India has a well-deserved
reputation as a global technology hub, and our ability to leverage
the market’s talent availability and thriving technology ecosystem
is key to expanding Presto’s potential, and our strategy to
continue delivering the industry-leading AI platform for restaurant
automation. The India team will further our capabilities on both of
our product lines.”
In addition to software and product development, the expansion
further establishes Presto’s global presence, allowing the company
to expand into international markets. The move also helps with
efficiency by expanding the Company’s hours of operations to
increase the availability for product and IT support for
customers.
Presto recently announced a partnership with CKE Restaurants,
parent of Carl’s Jr and Hardee’s, to use Presto Voice™ to automate
voice ordering at participating drive-thru locations nationwide.
CKE joins Checkers and Rally’s and Del Taco as leading customers
using Presto Voice. Presto Voice uses advanced AI techniques,
including large language models (LLM), to accurately take orders
from customers in a conversational manner, leading to labor savings
and higher revenue for restaurant customers.
About Presto Automation Inc.
Presto (NASDAQ: PRST) provides enterprise-grade AI solutions to
some of the nation’s largest hospitality brands. Presto Voice™, its
industry-leading automation and voice AI technology, improves order
accuracy, reduces labor costs, and increases revenue for superior
drive-thru and dine-in experiences. With over $18 billion in
payments processed, Presto is one of the largest labor automation
technology providers in the industry. Spun out of MIT more than a
decade ago, Presto is headquartered in Silicon Valley and counts
among its customers several of the top 20 restaurant chains in the
United States.
Contact
Investors:Adam RogersVP Investor
Relationsinvestor@presto.com
Media:Justin Foster & Brian Rubymedia@presto.com
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