Post-quantum crypto startup Project Eleven raises $20 million in funding round

2026-01-15 13:20:42

Source: CryptoNewsNet Original Title: Post-quantum crypto startup Project Eleven raises $20 million in funding round Original Link: https://cryptonews.net/news/finance/32281673/ Project Eleven, a startup founded by a former U.S. Special Forces officer to help blockchains prepare for a post-quantum world, said it raised a $20 million Series A funding round led by Castle Island Ventures with participation from leading venture capital firms.

Advancements in quantum computing in the coming decade could break existing public-key cryptography used by Bitcoin and other digital asset blockchains, prompting the need for a staged transition to more robust, quantum-resistant environment.

Other post-quantum crypto protection projects have also recently been in the news, including a Bitcoin testnet to run quantum-resistant cryptography.

Project Eleven said it is building the tools to make complex, multi-year migrations practical for networks and institutions, including readiness assessments, migration test environments and deployment sequencing.

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