Grad’s restaurant tech company Presto goes public
One of the largest labour automation technology providers in the American hospitality industry, the brainchild of a Waterloo Engineering alumnus, is now a publicly traded company with an initial public offering of US $120 million.
Presto Automation Inc., a restaurant technology company that provides automation solutions for large enterprise customers, was founded in 2008 by Rajat Suri (BASc ’07, chemical engineering) to address growing labor shortages in the hospitality industry.