Post-Quantum Cryptography Startup Project Eleven Secures $20M in Funding to Fortify Blockchain Security

Project Eleven, a pioneering startup specializing in post-quantum cryptography for the blockchain sector, has successfully closed a $20 million funding round. This significant capital injection, led by prominent venture capital firms, will accelerate the development of its quantum-resistant cryptographic solutions designed to protect digital assets and decentralized networks from future quantum computing threats. The investment underscores the growing urgency within the crypto industry to future-proof its security infrastructure. As quantum computing advances, the risk to current encryption standards like those securing Bitcoin (BTC) and Ethereum (ETH) increases, making post-quantum security a critical priority for long-term viability. Project Eleven's technology aims to provide a seamless upgrade path for existing blockchains, ensuring the safety of wallets, smart contracts, and transactions in the quantum era.