What is Project Eleven?
Project Eleven operates at the critical intersection of quantum computing and cryptographic security. The company is dedicated to developing advanced technology solutions designed to address the emerging vulnerabilities that quantum computing capabilities will introduce to existing encryption systems. Its focus is particularly on the foundational encryption underpinning distributed ledger technologies and blockchain networks. By integrating expertise from quantum physics, cryptography, and distributed systems, Project Eleven aims to engineer practical solutions for a rapidly evolving technological landscape. The organization's work is centered on proactively identifying potential security risks posed by quantum advancements and developing robust countermeasures to protect vital digital infrastructure before these threats materialize. This forward-thinking approach necessitates deep interdisciplinary knowledge and a keen perspective on future technology adoption, positioning Project Eleven as a key player in safeguarding digital assets against quantum threats.
How much funding has Project Eleven raised?
Project Eleven has raised a total of $26M across 2 funding rounds:
Other Financing Round
$6M
Series A
$20M
Other Financing Round (2025): $6M with participation from Variant and Quantonation
Series A (2026): $20M led by Lattice Fund, Fin Capital, Nascent Ventures, Coinbase, and Castle Island Ventures
Key Investors in Project Eleven
Lattice Fund
Lattice Fund is a venture capital firm that focuses on investing in technology companies, utilizing a unique approach based on a latticework of mental models. Their investment strategy is centered around identifying disruptive innovations in the tech sector.
Fin Capital
Fin Capital specializes in backing enterprise software solutions tailored for the financial services industry, focusing on supporting the full lifecycle of these software products. They are committed to fostering growth and development in this niche market.
Nascent Ventures
Nascent Ventures is an active seed fund that specializes in launching high-tech startups based on groundbreaking technologies from Dutch research institutes and universities, uniquely combining startup establishment with seed capital and management.
What's next for Project Eleven?
The substantial enterprise-level funding, highlighted by a recent major strategic investment, positions Project Eleven for accelerated growth and innovation. This capital infusion is expected to fuel the company's research and development efforts, enabling it to further refine its quantum-resistant cryptographic solutions and expand its market reach. The strategic nature of the latest financing suggests strong alignment with key industry players, potentially opening doors for deeper collaborations and partnerships. Project Eleven is likely to focus on scaling its operations, enhancing its product offerings, and solidifying its position as a leader in quantum security. The company's proactive stance on addressing quantum threats indicates a clear roadmap for developing and deploying next-generation security protocols, ensuring the resilience of digital infrastructure in the quantum era.
See full Project Eleven company page
