What is Project Eleven?
Project Eleven operates at the critical intersection of quantum physics and advanced cryptographic security. The company is dedicated to identifying and mitigating the systemic vulnerabilities that quantum computing poses to existing encryption standards, particularly those underpinning distributed ledger technologies and blockchain networks. By providing both analytical frameworks and technical solutions, Project Eleven enables enterprise clients to proactively transition toward quantum-resistant infrastructure. The firm's market position is defined by its ability to bridge the gap between theoretical quantum research and practical, scalable security applications, serving as a vital partner for organizations navigating the complexities of an evolving technological landscape.
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 Quantonation and Variant
Series A (2026): $20M led by Fin Capital, Nascent Ventures, Coinbase, Lattice Fund, and Castle Island Ventures
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 products.
Quantonation
Quantonation is an early-stage venture capital fund investing globally in novel technologies based on advances in physics and computing, supporting the transition of quantum research into commercial products.
Variant
Variant is a New York-based venture capital firm that invests in early-stage technology, focusing on infrastructure and applications that increase user agency in permissionless markets.
What's next for Project Eleven?
With this major enterprise-level funding, Project Eleven is poised to scale its operations and deepen its technical research capabilities. The strategic roadmap focuses on expanding the deployment of its quantum-resistant security frameworks, targeting sectors where data integrity is paramount, such as financial services and decentralized infrastructure. As the industry approaches the threshold of quantum advantage, the company will likely prioritize the commercialization of its proprietary countermeasures, helping clients assess their exposure and implement robust protective measures. This phase of growth will be characterized by increased collaboration with research institutions and the further development of tools designed to secure digital assets against future-proof threats.
See full Project Eleven company page
