Project Eleven has raised $20 million in funding, valuing the company at approximately $120 million post-money.

According to Mars Finance, citing Axios, Project Eleven has completed a $20 million funding round, valuing the company at approximately $120 million post-money. The company focuses on protecting cryptocurrencies from future quantum computing attacks. It is developing cryptographic solutions resistant to quantum computing, aiming to provide an upgrade path for existing public blockchains and crypto assets to address the risk that quantum computing could break the security of existing cryptographic algorithms.