Presto Automation announced that Krishna K. Gupta announced his resignation as Interim Chief Executive Officer of the company, effective immediately. After a four-month tenure as CEO, Gupta will return to his post as Chairman of the Board of Directors. Since Gupta?s appointment as Interim CEO on March 27, 2023, the company has achieved significant milestones, including becoming a top-10 performing stock on the Nasdaq in second quarter (up nearly 4X), announcing one of the largest-ever drive-thru automation customers in the world, affirming its market leadership position in Enterprise AI, and elevating brand visibility with several national media engagements across Bloomberg, CNBC, and The Wall Street Journal.

As the first investor in Presto Automation in 2008 while at MIT, Gupta has been an integral part of the company?s story. In addition to his role as Chairman, he remains the company?s shareholder.