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Project Eleven
Quantum-native cryptography solutions to secure digital assets and blockchains from the threat of advancing quantum computing capabilities
About Project Eleven
Project Eleven is addressing the emergent security threat that quantum computing poses to the digital asset industry. The company operates on the premise that a cryptographically relevant quantum computer (CRQC) will render the foundational security of Bitcoin and the broader $3 trillion digital asset market obsolete. Its core mission is to provide solutions and high-quality information in the fields of quantum computation, cryptography, and blockchains.
The firm is developing what it terms "QRL Level 1 Forever Secure" cryptography. This involves quantum-native cryptographic methods that leverage the principles of quantum mechanics to create security protocols designed to be unbreakable, even by future quantum computers. This positions the company to serve clients in the cryptocurrency and blockchain sectors who need to mitigate future cryptographic risks and secure their assets for a post-quantum world.
To accelerate its development and build a "quantum ready future," Project Eleven has secured $6 million in a seed funding round. The round was co-led by Variant and Quantonation, with additional participation from Castle Island Ventures, Nebular, and Formation.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2024
- Headquarters
- New York City, United States
- Employees
- 14
- Open positions
- None listed
- Dealroom signal
- 90.4/100
- Industry
- Security
- Sub-industry
- Data protection
- Sector
- Cybersecurity, Future of Computing, Post-Quantum Era Encryption, DT and LS, science-based
- Technology
- Blockchain, Deep Tech, Quantum Technologies
- Business model
- SaaS
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES A✓Equity / VC | Jan 2026 | $20M | $80M | Balaji Srinivasan · Coinbase Ventures · Quantonation · Satstreet | ↗ |
| SEED✓Equity / VC | Jun 2025 | $6M | $24M | Variant · Castle Island Ventures · Nebular · Formation | ↗ |
Growth signals
Latest recorded traffic for Project Eleven is 20K monthly website visits, up 11.1% over the last three months. Project Eleven's team grew 100% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed5 investors entered at this stage
Variant
Quantonation
Castle Island Ventures
Nebular
Formation
Series A6 investors entered at this stage
Balaji Srinivasan
Coinbase Ventures
Satstreet
Nascent Ventures
Fin Capital
Lattice
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about Project Eleven on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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