EDC invests $1 mln in food tech company P&P Optica

Export Development Canada (EDC) has invested $1 million in P&P Optica, a Waterloo-based technology company focused on assessing food quality and reducing landfill waste. Led by President and CEO Olga Pawluczyk, P&P Optica has developed a smart imaging system that uses artificial intelligence to provide food processors with in-line visibility over food safety and quality. The funds raised will be used for enhancing the company's technology and deploying it to food processing plants across North America. Last year, P&P Optica secured $3.1 million in financing from Fulcrum Global Capital, a U.S. food technology venture capital firm.