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 18th amongst 240 active competitors, of which 79 are funded. It stands 9th 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

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

18^th among 240 active competitors

Employee Count

16 as on Aug 31, 2026

Similar Companies

Ledger & 314 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	7661426	Series A	1579726	6776140	4009054	4671356
Jun 19, 2025	9294443	Seed	3193337	6939804	Variant Fund	Quantonation & 3 more

Access funding benchmarks and valuations. Sign up today!

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:

Uncover Projecteleven's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

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 & 70 others	82/100
2nd	CertiK 2017, New York City (United States), Series B	Provider of comprehensive blockchain security solutions, including smart contract audits, due diligence, and cyber threat monitoring	$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	-	IOSG Ventures, Consensys Labs & 4 others	69/100
4th	Casa 2016, Denver (United States), Series A	Platform offering self-custody solutions for cryptocurrency	$52.5M	Compound, Castle Island Ventures & 22 others	69/100
5th	Dynamic 2014, Miami (United States), Acquired	Wallet based authentication platform	$43.3M	Andreessen Horowitz, Founders Fund & 14 others	67/100
6th	SpiderOak 2007, Northbrook (United States), Series C	Provider of zero-trust security solutions for data protection and access control	$35M	Empyrean Software, OCA Ventures & 9 others	67/100
7th	TRM Labs 2018, San Francisco (United States), Series C	Provider of blockchain intelligence for detecting crypto-facilitated crime and compliance	$220M	Blockchain Capital, Thoma Bravo & 40 others	66/100
8th	Fun 2022, San Francisco (United States), Series A	API for cross-chain decentralized wallets on the Odsy blockchain	$75.9M	SignalFire, Multicoin Capital & 11 others	66/100
9th	Merkle Science 2018, Singapore (Singapore), Series B	Blockchain analytics platform for cryptocurrency risk and threat detection	$25.6M	Darrow Holdings, LuneX Ventures & 35 others	66/100
10th	Blockaid 2022, New York City (United States), Series B	Web3 security tools for fraud prevention	$83M	Ribbit Capital, Variant Fund & 7 others	61/100
18th	Projecteleven 2004, Stanford (United States), Series A	Provider of quantum computing technology for securing digital assets against quantum threats	$26M	Fin Capital, Castle Island Ventures & 9 others	55/100