Project Eleven completes $20 million financing, with a post-investment valuation of approximately $120 million
PANews January 14th news, according to Axios, Project Eleven has completed a $20 million financing round, with a post-investment valuation of approximately $120 million. The company is dedicated to protecting cryptocurrencies from future quantum computing attacks. It is developing cryptographic solutions resistant to quantum computing decryption, aiming to provide upgrade paths for existing public blockchains and crypto assets to address the risk that quantum computing may compromise the security of current cryptographic algorithms.
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