FundedIQ
Food and Beverage

Presto: Funding, Investors & Team (Oct 2026)

Presto overlays next-gen digital solutions onto the physical world. Presto’s enterprise-grade voice, vision, and touch technologies help hospitality businesses thrive while delighting guests. With over 250,000 systems shipped, Presto is one of the largest labor automation technology providers in the industry. Founded at M.I.T. in 2008, Presto is headquartered in Silicon Valley, Calif. with customers including many of the top 20 restaurant chains in the U.S.

presto.com LinkedIn Redwood City, United States 251-500 employees Founded 2008
Enterprise Software Food and Beverage Restaurants SaaS Software B2B
Total raised
$96.0M
Rounds
5
Latest
Undisclosed round
Sep 2026

Presto has raised $96.0M across 5 funding rounds on record, the most recent an undisclosed round of $10.0M announced in Sep 2026.

That round is above the $2.3M median round size for Food and Beverage companies tracked on FundedIQ over the last two years.

Presto Company Profile and Key Stats

Total funding raised
$96.0M
across 5 rounds on record
Funding rounds on record
5
1 with no disclosed amount
Latest funding round
Undisclosed round
$10.0M in Sep 2026
Employees
251-500
reported band
Founded
2008
Headquarters
Redwood City, United States
Investors on record
23
5 named below

Latest funding round on record: Sep 2026.

Presto Funding Rounds

Date
Round
Amount
Undisclosed round
$10.0M
Undisclosed round
$10.0M
Undisclosed round
$6.0M
Undisclosed round
Undisclosed
Post-IPO Equity
$70.0M

1 of 5 rounds was announced without a disclosed amount and is excluded from the total.

Presto raised $70.0M in a Post-IPO Equity announced in Sep 2022.

10 months later, an undisclosed round was announced in Jul 2023 with no disclosed amount.

7 months later, an undisclosed round of $6.0M was announced in Feb 2024.

1.9 years later, an undisclosed round of $10.0M was announced in Jan 2026.

8 months later, an undisclosed round of $10.0M was announced in Sep 2026.

Presto Investors

Lightbank SV Angel Y Combinator REMUS Capital Trinity Capital

23 investors are recorded in total; the 5 named above are those the record identifies.

Presto Founders and Leadership Team

Name
Role
Contact
Sabrina Mendez
Senior Executive Assistant to Chief Executive Officer
Locked
Michael Chorey
Founder
—
Paul Bley
CEO
Locked
Rajat Suri
CEO
Locked

Contact details for the Presto team: 1 of 4 have an email address on file, 2 have a LinkedIn profile.

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Presto Funding Compared to Other Food and Beverage Startups

Segment
Companies
Median round
30,148
$7.5M

Presto's latest round of $10.0M is above the median round in Food and Beverage. Medians cover the last 24 months of disclosed rounds.

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Presto Funding FAQs

What does Presto do?

Presto overlays next-gen digital solutions onto the physical world. Presto’s enterprise-grade voice, vision, and touch technologies help hospitality businesses thrive while delighting guests. With over 250,000 systems shipped, Presto is one of the largest labor automation technology providers in the industry. Founded at M.I.T. in 2008, Presto is headquartered in Silicon Valley, Calif. with customers including many of the top 20 restaurant chains in the U.S.

How much funding has Presto raised?

Presto has raised $96.0M across 5 rounds on record. The most recent is an undisclosed round of $10.0M announced in Sep 2026.

When did Presto last raise funding?

Presto's most recent funding round on record is an undisclosed round of $10.0M, announced in Sep 2026.

Who has invested in Presto?

Investors on record for Presto include Lightbank, SV Angel, Y Combinator, REMUS Capital, Trinity Capital. FundedIQ records 23 investors in total.

Who founded Presto?

FundedIQ lists Michael Chorey (Founder) at Presto.

Who is the CEO of Presto?

Sabrina Mendez is listed as Senior Executive Assistant to Chief Executive Officer at Presto.

Where is Presto headquartered?

Presto is based in Redwood City, California, United States.

How many employees does Presto have?

Presto is in the 251-500 employee band.

When was Presto founded?

Presto was founded in 2008.

How does Presto's funding compare to other Food and Beverage startups?

Presto's latest round of $10.0M is above the $2.3M median round size for Food and Beverage companies on FundedIQ across 1,334 tracked companies over the last two years.

About FundedIQ's Presto Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Presto is left off this page rather than filled in.

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