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Project Eleven Raises $20 Million at a $120 Million Valuation
Svmuu News: Project Eleven, a crypto security startup dedicated to protecting cryptocurrencies from the threat of quantum attacks, has announced the completion of a $20 million funding round, valuing the company at $120 million. The new funds will be used to develop cryptographic solutions resistant to quantum computing attacks, with the goal of providing an upgrade path for existing public blockchains and crypto assets to address the risk that quantum computing could compromise the security of current encryption algorithms. The company previously raised $6 million last year in a round co-led by Variant Fund and Quantonation. (Axios)
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