$1.2 billion valuation! This company aims to use a new cryptographic scheme to protect crypto assets from quantum computing threats

DAOplomacy · 2026-01-14T13:22:12+00:00

Project Eleven secures $20 million in funding to develop quantum-resistant cryptographic solutions, addressing potential future threats to existing encryption algorithms and ensuring the security of public chains and digital assets.

DAOplomacy

2026-01-14 13:22:12

Abstract generation in progress

【BitPush】Will quantum computing break existing encryption algorithms? This question is no longer science fiction. A company dedicated to addressing this potential risk recently secured funding—Project Eleven completed a $20 million financing round, with the company’s valuation reaching $120 million.

What are they doing? In simple terms, they are developing cryptographic solutions resistant to quantum computing attacks. Currently, public chains and crypto assets use traditional cryptographic algorithms. Once quantum computing matures to the point where it can crack these algorithms, the existing security systems will need to be rebuilt. Project Eleven’s goal is to proactively provide upgrade paths for existing public chains and digital assets, so everyone won’t have to wait until that day truly arrives to respond passively.

In terms of funding scale, investors still have confidence in this direction. After all, this is not just a technical issue but also involves ecosystem migration and security assurance in various aspects.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

15 Likes

Reward
15
7
Repost
Share

Comment

0/400

Rekt_Recovery

· 9h ago

honestly? quantum threat feels like the perfect copium for another funding round lol. but also... ngl i've been liquidated enough times to know that ignoring future risks is how you end up homeless. seen too many "secure" wallets get rekt. so yeah, maybe we actually need this? idk man, my leverage ptsd is acting up again

Reply0

Ser_Liquidated

· 9h ago

Quantum computing is really here, but to be honest, post-quantum cryptography is still mostly theoretical...

View OriginalReply0

PretendingSerious

· 9h ago

Quantum computing is really coming, and it's a bit alarming, but can pouring 20 million solve it... it's a bit uncertain.

View OriginalReply0

ForkThisDAO

· 9h ago

The threat of quantum computing, someone should have taken it seriously long ago, but it's actually surprising that it can be done with only 20 million.

View OriginalReply0

DuskSurfer