Project Eleven, the leader in post-quantum security and migration for digital assets, today announced a $20 million Series A funding round led by Castle Island Ventures with participation from Coinbase Ventures, Fin Capital, Variant, Quantonation, Nebular, Formation, Lattice Fund, Satstreet Ventures, Nascent Ventures, and Balaji Srinivasan. The round comes as post-quantum cryptography becomes a planning priority for government and industry. Advances in quantum computing could eventually weaken elliptic curve cryptography (ECC), the public-key standard used by networks such as Bitcoin, prompting a staged transition across an ecosystem that secures more than $4 trillion in digital assets.
Project Eleven is building the tools to make complex, multi-year migrations practical for networks and institutions, including readiness assessments, migration test environments, and deployment sequencing. Project Eleven is collaborating with the Solana Foundation and other leading protocols and Layer 1 ecosystems on post-quantum readiness planning and technical work. The company raised a $6 million seed round in June 2025 led by Variant and Quantonation, with participation from Castle Island Ventures, Nebular, and Formation. Project Eleven plans to unveil its next major product release in early 2026, adding capabilities for institutions, protocols, and end users looking to future-proof long-lived cryptographic systems.
Alex Pruden and Nic Carter are available for interview. For more information, visit http://www.projecteleven.com
Leave a Reply