Presto Phoenix, which develops voice AI systems for enterprise quick-service restaurant (QSR) operations, has raised $10m in a funding round to further scale its expansion.

The round was led by Metropolitan Partners Group and saw participation from Remus Capital, Link Ventures and a group of angel investors that included the CEO of ElevenLabs.

Presto Phoenix said that the proceeds will be used to support wider rollouts, live deployments and further development of its AI offering for restaurants.

According to the company, Presto Voice is currently in use at hundreds of drive-through locations. It powered “millions of real-world drive-through interactions” last year.

The technology aims to improve order accuracy, reduce service time and provide a more uniform customer experience.

It is designed to cope with large and frequently changing menus, including customisations, modifiers, regional variations and promotional updates.

Presto co-founder Krishna Gupta said: “2026 is the year where American AI companies with deployments, not demos and dinners, will consolidate their leadership position and win markets.

“Presto is the AI partner to a dozen enterprise brands, and we’ve deployed our drive-through Voice AI across more customers and geographies than anyone else.

“We’ll use our learnings to make magic happen for our customers and their customers as we help instrument these businesses to take advantage of the AI revolution.”

In April 2025, Presto Phoenix launched a new phone ordering business unit. The development was unveiled at the Restaurant Leadership Conference (RLC) in Phoenix, Arizona, US.