California hospitality platform Zingle raises $11 million, acquires Philly AI startup

Tom Paine Follow @phillytechnews Subscribe in a reader Subscribe to Philadelphia Tech News by Email California-based hospitality platform Zingle announced $11 million in venture capital funding last week, from PeakSpan Capital. At the same time, the company said it had acquired a Philadelphia AI startup, Presto (sometimes referred to as Presto AI), apparently late last year. From Presto's LinkedIn page, this description: Acquired in 2018, Presto developed predictive NLP models that perform the world's best classification, similarity analysis, and entity recognition in the hospitality domain. We set out to improve the quality and efficiency of text based guest interactions in hotels. Presto's mission is to create experiences better than humanly possible.