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P&Amp;P Optica Secures Series B Funding Round

Jul 08, 2021•about 4 years ago

Round Type

series b

Waterloo

Description

P&P Optica (PPO), a leader in automated inspection and insights for the food industry, has closed its Series B funding round. The round was led by Ag Capital Canada, with new investor Synovus Family Office as well as existing investors Fulcrum Global Capital, Export Development Canada (EDC) and others. The financing will be used to accelerate implementation of PPO’s detection system in food processing plants across Canada and the US. The funding will be also used to expand development of the company’s advanced software and insights for the food processing industry

Company Information

Company

P&P Optica

Location

Waterloo, Iowa, United States

About

PPO’s mission is to help food processors make safer, higher quality food while reducing waste and increasing the sustainability of our food supply. PPO's patented Smart Imaging System uses physics to understand the chemistry of food, telling processors exactly what’s in their products. The system automates food inspection tasks, assessing qualities such as tenderness; protein, water and fat content; freshness and more. The same system can identify and remove foreign objects such as plastics, bone and rubber, and detect product flaws like woody breast and hard tail in poultry. Using machine learning, all of this happens at line speed and in real-time, generating insights that processors can use to improve their products, manage their suppliers and optimize their production. PPO is based in Waterloo, Ontario, Canada.