AI Technology Advancements
Presto launched Pure AI, significantly improving AI efficiency from 50% to 80% at test locations, reducing reliance on human-in-the-loop, and improving margins.
Commercial Progress and Market Opportunity
Engaged in expansion negotiations with 7 franchise groups, representing nearly $10 million in ARR. Successful pilot programs with 4 QSR brands, representing approximately $25 million in ARR.
Strategic Product Development
Development of new features like Spanish language ordering and unsupervised AI, which improved AI efficiency from 45% to 70% at initial test locations.