When was Projecteleven founded?

Projecteleven was founded in 2004 and raised its 1st funding round 21 years after it was founded.

Where is Projecteleven located?

Projecteleven is headquartered in Stanford, United States.

How many employees does Projecteleven have?

As of Aug 31, 2026, the latest employee count at Projecteleven is 16.

Is Projecteleven a funded company?

Projecteleven is a funded company, having raised a total of $26M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jun 19, 2025.

How much is Projecteleven worth?

The latest valuation of Projecteleven is $***** as of Apr 25, 2026.

When was the latest funding round of Projecteleven?

Projecteleven's latest funding was a $***** Series A round on Jan 14, 2026, with participation from 10 investors.

Where does Projecteleven rank among its competitors?

Projecteleven ranks 16th amongst 294 active competitors, of which 81 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Fun, which secured $72M in May, 2026.

Who are the top competitors of Projecteleven?

Projecteleven's top competitors include Ledger, CertiK and MetaMask. Among them, Fun secured the most recent funding round in May, 2026.

Projecteleven - 2026 Company Profile, Team, Funding & Competitors

Projecteleven is a series A company based in Stanford (United States), founded in 2004 by Finn Murphy and Robb Utendale. It operates as a Provider of quantum computing technology for securing digital assets against quantum threats. Projecteleven has raised $26M in funding from Variant Fund and Castle Island Ventures, with a current valuation of $*****. The company has 294 active competitors, including 81 funded and 15 that have exited. Its top competitors include companies like Ledger, CertiK and MetaMask.

Company Details

Provider of quantum computing technology for securing digital assets against quantum threats. It leverages applied quantum computing to provide high quality information on quantum computation, cryptography and blockchains.

Key Metrics

Founded Year

2004

Location

Stanford, United States

Stage

Series A

Total Funding

$26M in 2 rounds

Latest Funding Round

Series A, Jan 14, 2026, $*****

Post Money Valuation

$***** as on Apr 25, 2026

Investors

Variant Fund & 10 more

Ranked

16^th among 294 active competitors

Employee Count

16 as on Aug 31, 2026

Similar Companies

Ledger & 368 more

View Projecteleven's full profile

Projecteleven has raised a total funding of $26M over 2 rounds. Its first funding round was on Jun 19, 2025. Its latest funding round was a Series A round on Jan 14, 2026 for $*****. 10 investors participated in its latest round. Projecteleven has 10 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Projecteleven:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 14, 2026	5536602	Series A	6051595	4140577	5077087	9303473
Jun 19, 2025	1707364	Seed	4575697	2486786	Variant Fund	Quantonation & 3 more

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View details of Projecteleven's funding rounds and investors

The founders of Projecteleven are Finn Murphy and Robb Utendale.

Here are the details of Projecteleven's key team members:

Finn Murphy: Co-Founder of Projecteleven.
Contact Info: 1 email address
Robb Utendale: Owner of Projecteleven.

View details of Projecteleven's Founder profiles and Board Members

Projecteleven's employee count trend

Projecteleven has 16 employees as of Aug 26. Here is Projecteleven's employee count trend over the years:

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Top competitors of Projecteleven include Ledger, CertiK and MetaMask. Here is the list of Top 10 competitors of Projecteleven, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ledger 2014, Paris (France), Series C	Blockchain based hardware wallet for cryptocurrency	$575M	10T, Samsung & 71 others	81/100
2nd	CertiK 2017, New York City (United States), Series B	Provider of blockchain security auditing and formal verification software solutions	$296M	Tiger Global Management, SoftBank Vision Fund ... & 41 others	75/100
3rd	MetaMask 2015, San Francisco (United States), Funding Raised	Developer of a platform for managing digital assets and blockchain interactions	-	SNZ, DeepTech Ventures & 4 others	69/100
4th	Dynamic Acquired	Developer of software development kits for digital wallet infrastructure management	$43.3M	Andreessen Horowitz, Founders Fund & 14 others	67/100
5th	Fun 2022, San Francisco (United States), Series A	Provider of payment infrastructure for moving money across blockchain networks	$75.9M	SignalFire, JAM Fund & 11 others	67/100
6th	Edge App 2014, San Diego (United States), Series A	Blockchain-based security platform and mobile wallet for crypto storage	$780K	Fenbushi Capital, BitMEX & 5 others	66/100
7th	Casa 2016, Denver (United States), Series A	Platform offering self-custody solutions for cryptocurrency	$52.5M	Compound, Lerer Hippeau & 22 others	65/100
8th	Secret Network 2020, Chicago (United States), Series C	Provider of privacy-preserving smart contracts and confidential computing layer for Web3 and AI applications	$412M	DeFiance Capital, Alameda Research & 18 others	65/100
9th	Immunefi 2020, Switzerland, Series A	Online freelancer marketplace for blockchain experts	$29.5M	Electric Capital, Framework Ventures & 14 others	61/100
10th	AnChain.ai 2018, San Jose (United States), Series A	AI-based security solutions for the blockchain industry	$12M	Amino Capital, SIG Venture Capital & 12 others	59/100
16th	Projecteleven 2004, Stanford (United States), Series A	Provider of quantum computing technology for securing digital assets against quantum threats	$26M	Castle Island Ventures, Quantonation & 9 others	55/100