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Project Eleven has raised $6 million to develop quantum-secure infrastructure for protecting digital assets against threats from quantum computing.

Jun 19, 2025•27 days ago

Amount Raised

$6 Million

StanfordBlockchainCyber SecuritySecurityInformation Technology

Investors

FormationNebularCastle Island VenturesQuantonationVariant Fund

Description

Project Eleven has closed a $6 million fundraising round co-led by Variant Fund and Quantonation. This funding will help accelerate the development of next-generation cryptography to secure Bitcoin and other digital assets. The initiative aims to protect wallets with exposed public keys from quantum threats. Project Eleven is grateful for the support from its investors.

Company Information

Company

Project Eleven

Location

Stanford, California, United States

About

Project Eleven is an applied lab focused on building quantum-secure infrastructure for protecting digital assets from future quantum computing threats. The company's first product, Yellowpages, is a cryptographic registry that enables users to link Bitcoin addresses to quantum-resistant addresses without on-chain transactions. With a commitment to enhancing digital security, Project Eleven aims to develop next-generation cryptography leveraging quantum mechanics.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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