🚨 Project Eleven Raises $20M Series A to Protect Crypto Networks from Quantum Threats

Crypto startup Project Eleven has raised $20 million at a $120 million valuation in a Series A round led by Castle Island Ventures, with participation from Coinbase Ventures, Fin Capital, Variant, and others.

The company is building tools to prepare Bitcoin and other blockchains for post-quantum security, addressing the threat posed by increasingly powerful quantum computers that could break current cryptography.

💡 Key Points:

Project Eleven’s products, like Yellowpages, allow users to generate post-quantum keys for their crypto assets.

The startup collaborates with the Solana Foundation on quantum-readiness planning.

Nic Carter (Castle Island Ventures) joins the board, emphasizing quantum computing as “the biggest and most complex threat public blockchains have ever faced.”

The company envisions becoming a “Palantir” for digital asset migrations to post-quantum cryptography.

📈 With the accelerating pace of quantum breakthroughs, Project Eleven aims to secure trillions in digital assets before cryptographically-relevant quantum computers emerge.

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