Project Eleven completes $20 million financing, with a post-investment valuation of approximately $120 million.

Techub News reports, according to Axios, Project Eleven has completed a $20 million financing round, with a post-money valuation of approximately $120 million, dedicated to protecting cryptocurrencies from future quantum computing attacks. The company is developing cryptographic solutions resistant to quantum computing decryption, 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 current encryption algorithms.