The investment from British Design Fund will support the commercialisation of brain imaging technology designed to reduce human error in industrial environments.
"Human error is a factor in almost all workplace accidents and our mission at FC Labs is to get to the heart of the problem, with a simple, low cost solution."
The London-headquartered firm has closed one of the largest pre-Series A rounds in Europe this year with undisclosed backers.
"I am really excited about the opportunity that lies ahead for ALT21. Our mission is to make things simple. We use technology to scale where others have added human capital, providing a highly automated service that cuts cost and complexity, and gives value back to small businesses at a time when they need it most."
Energy Impact Partners led the funding round to support product development and international expansion.
"Transportation is responsible for nearly a quarter of the global energy related CO2 and road transport makes up the lion’s share of it. EIP targets the largest sources of greenhouse gas emissions,"
The investment was led by Kernel Capital to support operational expansion ahead of new contract wins.
"I would like to take this opportunity to thank our investors for their continued support. This in addition to securing several new contracts will be used to accelerate our operational expansion and deliver on our strong order book for 2023 and beyond."
Fasanara Capital has backed the London fintech as it develops its asset tokenisation platform.
"Since 2017, our focus has been on real-world asset tokenisation where we see growing interest. Our partnership with Fasanara is a step towards developing reliable DeFi yield mechanisms, broadening the investment possibilities in crypto but also helping to mitigate its inherent volatilities, all while striving to make finance more accessible around the world."