Project Eleven, a pioneering cybersecurity firm focused on defending decentralized networks against future quantum attacks, announced today the successful closing of a $20 million Series A funding round. The investment brings the company’s valuation to $120 million, signaling strong market confidence in the urgent need for post-quantum cryptographic preparedness across the blockchain and digital asset industry.
The funding round was led by Quantum Leap Ventures, with participation from notable investors including Digital Shield Capital and several strategic angels in the fintech sector. The capital infusion will be primarily allocated to accelerating research and development of Project Eleven’s proprietary suite of quantum-resistant security protocols, expanding their engineering team, and establishing new partnerships with major Layer-1 and Layer-2 crypto networks aiming for PQC compliance.
Current cryptographic standards, such as RSA and Elliptic Curve Cryptography (ECC) widely used for securing crypto wallets and validating transactions, are highly vulnerable to Shor’s algorithm, which future large-scale quantum computers are expected to deploy. Project Eleven’s mission is to integrate robust, standardized post-quantum cryptography (PQC), following guidelines set by organizations like NIST, directly into the core architecture of blockchain networks, effectively rendering them ‘quantum-proof.’ The company is currently testing integrations that allow seamless transitions for existing users without compromising transaction speed or decentralization.
Dr. Anya Sharma, CEO of Project Eleven, stated, “The quantum clock is ticking. For the crypto industry to realize its long-term vision, we must proactively secure the fundamental infrastructure today. This Series A funding empowers us to scale our efforts dramatically, ensuring that digital ownership remains invulnerable, even in a post-quantum world.” The company expects to begin rolling out pilot programs with major blockchain partners in Q3 of this year.
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