What is Project Eleven?
Project Eleven operates at the intersection of quantum physics and advanced cryptography, providing essential security architecture for an era defined by quantum computing. The company specializes in identifying vulnerabilities within existing encryption standards that are susceptible to future quantum-based attacks. By developing proactive countermeasures, Project Eleven enables organizations to transition their digital assets toward quantum-resistant infrastructure before these threats become operational realities.
The firm serves a diverse clientele, including financial institutions and blockchain-based enterprises, by offering both analytical risk assessments and technical implementation strategies. Its market position is defined by a unique synthesis of academic research and practical application, allowing it to bridge the gap between theoretical quantum vulnerability and real-world security deployment.
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 Fin Capital, Nascent Ventures, Lattice Fund, Castle Island Ventures, and Coinbase
Key Investors in Project Eleven
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.
Nascent Ventures
Nascent Ventures is an active seed fund that specializes in launching high-tech startups based on groundbreaking technologies from research institutes and universities.
Lattice Fund
Lattice Fund is a venture capital firm that utilizes a unique approach based on a latticework of mental models to identify and support disruptive innovations in the tech sector.
What's next for Project Eleven?
With the successful closure of its Series A, Project Eleven is poised to scale its engineering team and expand its suite of cryptographic tools. The strategic focus will shift toward the commercialization of its proprietary security frameworks, specifically targeting the integration of quantum-resistant layers into existing financial and distributed ledger systems. As the quantum threat landscape matures, the company intends to leverage its recent capital to establish industry-standard protocols for post-quantum security, ensuring that critical digital infrastructure remains resilient against future computational advancements. The roadmap includes deepening partnerships with enterprise clients to facilitate seamless transitions to quantum-hardened environments.
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