Presto Automation (PRST) announced the conclusion of its Article 9 sale process and the successful auction results from December 3, 2024 of the Presto Automation business. Remus Capital led a group of investors including Link Ventures and PRST’s prior lender, Metropolitan Partners Group, to acquire the assets of PRST. The new entity will be called Presto Phoenix. The Company will be a private entity that will retain the entirety of the Presto Voice platform, technology, and team. With an injection of $18M of new capital by all new stakeholders, Presto is well-capitalized and focused only on rapidly growing its market-leading Voice AI business for drive-thru restaurant chains across America.
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