Presto Phoenix, a San Mateo, California–based enterprise voice AI platform for quick-service restaurant (QSR) operations, has raised $10 million in funding.
Investors
The round was led by Metropolitan Partners Group, with participation from Remus Capital, Link Ventures, and strategic angel investors, including the CEO of ElevenLabs.
Metropolitan Partners Group is a New York–based private investment firm specializing in senior-secured, asset-based debt and growth capital for non-sponsored businesses. Founded in 2008, the firm has deployed more than $3.3 billion across over 140 investments.
Presto Phoenix Use of Funds
The funding will be used to accelerate platform expansion, support production-scale deployments across drive-thru locations, and advance AI innovation within the restaurant industry.
About Presto Phoenix
Founded in 2008, Presto Phoenix provides an enterprise voice AI platform designed for quick-service restaurants. Its technology powers drive-thru interactions at scale, delivering higher order accuracy, faster throughput, and more consistent guest experiences while handling complex menus, customizations, regional items, and evolving promotions. Its flagship product, Presto Voice, is an AI-powered voice assistant that leverages proprietary natural language processing to automate drive-thru ordering for major restaurant chains.
Funding Details
Company: Presto Phoenix, Inc.
Raised: $10.0M
Round: Growth Round
Funding Date: January 2026
Lead Investor: Metropolitan Partners Group
Additional Investors: Remus Capital, Link Ventures, and strategic angel investors, including the CEO of ElevenLabs
Company Website: https://presto.com/
Software Category: AI Voice / QSR Automation
Source: https://www.businesswire.com/news/home/20260108472215/en/