Blog
October 16, 2019
Presto Vision enables real-time alerts and optimization of restaurant operations, thanks to its powerful application of AI video processing. Presto, the creator of the restaurant industry’s only end-to-end FOH technology platform, announced today the launch of Presto Vision—the first comprehensive computer vision product for restaurants. Cameras are discreetly placed in restaurant lobbies and dining areas to analyze real-time behavior of staff and guests, while the system uses AI to alert […]
October 10, 2019
Presto joins other Y Combinator alumni such as Stripe, Airbnb, and Dropbox on the Y Combinator’s Top Companies List for 2019. Y Combinator—the largest startup accelerator in the world—first published their list of the top companies that went through the accelerator in October 2018, as sorted by valuation. They recently updated their website with a 2019 edition of the top 101 companies. While Y Combinator recognizes that “valuation is a […]
April 29, 2019
For quite a while now, off-premise sales growth has been getting the majority of the attention for restaurant enterprise management teams. Yet there is a stronger case for investment in FOH innovation vs an exclusive focus on off-premise. There are only a few levers outside food quality / menu that really move the needle for restaurants to drive EBITDA growth: Improve dine-in guest service, which drives up Guest Satisfaction / […]
March 15, 2019
REDWOOD CITY, Calif., Feb. 27th, 2019 – Presto, the leading enterprise front-office software platform for the $900B hospitality industry, today announced $30M in growth funding led by Recruit Holdings and Romulus Capital with participation from I2BF Global Ventures, EG Capital and Brainchild Holdings. Presto provides a cutting-edge technology suite to top foodservice and hospitality chains that expands operating profits by speeding consumer experiences and improving labor productivity. With national unemployment […]
February 21, 2019
Presto Adds First-of-its-Kind Wearable Technology and A.I. to Suite of Front of House Tech Solutions
Presto’s innovative products reshaping the industry, maximizing labor productivity, speeding up service and delivering critical insights for operators REDWOOD CITY, Calif., Jan. 14, 2019 – Presto, the creator of the only comprehensive front of house platform solution for restaurant operators, announced today the launch of two new cutting edge products that will shift the landscape of the industry: Presto Wearables, a smartwatch-like device that notifies servers of guests’ needs and […]
November 10, 2018
Earlier this month, Amazon dropped a bombshell on the restaurant industry – it was increasing the minimum wage of its 500,000 strong workforce, including all its low-skilled warehouse staff, to $15 per hour. In the tightest labor market in the post-war era with unemployment at 3.7%, this was a hammer blow. Restaurants are already deep in the trenches fighting off competition from Uber, Lyft, Instacart and a multitude of other […]
May 31, 2018
Did you know the number of data breaches increased by over 40% since 2016? Restaurants are key victims for these attacks, so how important is it to have the most up-to-date and secure restaurant technology today?
February 15, 2018
Six-time Pro Bowler Chad Johnson paid a visit to Applebees recently, and he was in awe by the PrestoPrime EMV Terminal tablets that you used to pay your bills. Exclaiming he would stop raising the tip amount after his finger cramped, he left a tip of $207.50. You can hear servers in the video below, proclaiming their astonishment and shock after he left his server a tip of 342 percent […]
November 8, 2017
If the restaurant industry wasn’t facing turmoil enough already, another big hit may be coming its way – a reduction in loyalty to restaurant brands. Loyal customers are bread and butter to a brand – not only do they keep a consistent inflow of business, but because of their loyalty, they bring in other strong referrals. However, the tides may be changing as the share of wallet may be directed […]
October 8, 2017
Restaurants are trying to adapt, as Millennials demonstrate different dining behaviors as compared to prior generations. Overall, Millennials frequent restaurants more frequently than their elders. Forbes Magazine reports that Millennials spend 44% of their food dollars, or $2,921 annually, on eating out. By comparison, Boomers spend only 40% of their food dollars on eating out or $2,629 annually. The increased demand for prepared meals is a positive development for the […]
August 28, 2017
Are We Headed Toward a Cashless Society? When was the last time you carried around cash? Not only does cash and change weigh down your wallet, but counting the correct change is not quick and holds up the line. More and more Americans are moving toward digital forms of payment, namingly mobile wallet. Why carry around multiple debit and credit cards, when your smartphone can house everything in one place? […]
July 13, 2017
The competition for customers has never been more fierce. The unrelenting pressures for operators to capture the loyalty and trust of guests continues to grow as their customers demand new levels of engagement. Where does this engagement start? For one, restaurant owners are implementing new technologies to help improve overall business operations and most importantly, modernize the guest experience. More guests of all ages are demanding technology in order to […]