Project Eleven has secured $20 million in Series A funding to develop post-quantum cryptographic solutions for digital assets and blockchain networks. The startup aims to help organizations migrate securely to quantum-resistant cryptography amidst growing quantum threats. #PostQuantumCryptography #QuantumThreats
Keypoints
- Project Eleven was founded in 2024 to address the quantum threat to cryptography.
- The company has raised a total of $26 million including support from notable investors.
- Its services include post-quantum key generation for Bitcoin wallets and a testnet for Solana.
- The startup develops scalable migration solutions for networks and institutions to adopt quantum-resistant cryptography.
- CEO Alex Pruden emphasizes the importance of deliberate migration to protect trillions of dollars in digital assets.
Read More: https://www.securityweek.com/project-eleven-raises-20-million-for-post-quantum-security/