Presso Raises $8 Million in Seed Round  

by Kay Aloha Villamor in January 23rd, 2023

Presso, an Atlanta, Georgia-based AI-Robotics company that automates garment cleaning services, secured $8 million in a seed funding round.

The investment was from various investors, including Uncork Capital, 1517 Fund, AME Cloud Ventures, HAX, Pathbreaker Ventures, VSC Ventures, Taiwanese VC Cherubic Ventures, SOSV, and YETI Capital. 

Additional investors who participated included Buckhead America Hospitality and TISHMAN. The latest round brings the total funding of the Atlanta-based startup to $10.1M.

Presso will use the new funds to expand its team and scale products. 

“There is nothing like Presso on the market today. We’ve created the first AI-powered line of on-demand, low-carbon, express garment care machines,” said Nishant Jain, Co-Founder, and CEO of Presso. “Our mission is to make on-demand clothing care accessible to everyone, and we’re proud to do it in a more sustainable way.” 

Using its patented Stretch AI, Chemistry, and Tech engineering, Presso has created a climate-conscious garment care system that takes a garment from dirty and wrinkled to fresh ones in a short amount of time, enabling hotel owners and managers to save time, electricity bills, and labor costs.

Company: LaundrySucks.io Inc.

Raised: $8.0M

Round: Seed Round 

Funding Month: January 2023

Lead Investors: 

Additional Investors: Uncork Capital, 1517 Fund, AME Cloud Ventures, HAX, Pathbreaker Ventures, VSC Ventures, Taiwanese VC Cherubic Ventures, SOSV, YETI Capital, Buckhead America Hospitality and TISHMAN

Company Website: https://getpresso.com/

Software Category: AI-powered Dry-Cleaning Robots

About the Company: Founded in 2018 by Nishant Jian and Thibault Corens, Presso is an AI-robotics company harnessing the power of technology to create the first line of on-demand, low-carbon, express garment care machines. Presso has created low-carbon express garment care machines, leveraging the latest technology to make laundry easier. By using advanced sensor and camera technology to collect garment data, Presso is bringing all-new technology to the clothing care industry. The company’s goal is to enable businesses to delight consumers with the most innovative and convenient garment care technology


Source: https://techfundingnews.com/fitbit-lyft-investors-back-this-ai-powered-dry-cleaning-robot-with-8m-funding/


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