# Project 11

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/project-11

- Industry: Software
- Headquarters: New York, US
- Website: www.projecteleven.com
- Total disclosed funding: $26M
- Latest round: Series A (Jan 14, 2026)
- Investors on record: 10

## About

Based in the US, Project 11 specializes in developing quantum computing solutions, focusing on advanced algorithms and software tools to enhance computational capabilities across industries such as finance, healthcare, and logistics. Founded in 2024, Project 11 operates in the US, focusing on quantum computing development. In January 2026, Project 11 raised USD 20 million in series A funding led by Castle Island Ventures, with participation from Nebular Management, Quantonation, Variant, Satstreet Inc., Nascent Ventures, and Lattice Capital Management. The founder's history and previous ventures are not publicly disclosed. Project 11 specializes in developing cutting-edge quantum computing solutions aimed at enabling a quantum-ready future. The company's core offerings focus on advanced quantum algorithms and software tools that optimize data processing and enhance computational capabilities for various industries, including finance, healthcare, and logistics. These solutions address complex problem-solving scenarios where classical computing falls short, providing end users with advantages in speed and efficiency. Project 11 targets a diverse clientele, including enterprises in North America and Europe, particularly those seeking to leverage quantum technology for strategic advantages in their operations. Project 11's revenue model is primarily based on a combination of subscription services and strategic partnerships with businesses looking to integrate quantum-ready solutions into their operations. Clients typically enter subscription agreements for access to the company's software tools and ongoing support, ensuring they remain updated with the latest advancements in quantum technology. While specific pricing plans and individual product costs are proprietary, flagship offerings are positioned to cater to mid-to-large enterprises, allowing for scalable implementations based on client needs. The company plans to use the January 2026 funding to develop post-quantum migration tools, expand readiness assessments, and build test environments for crypto networks

## Funding rounds

- Series A, Jan 14, 2026, $20M — Coinbase Ventures, Fin Capital, Castle Island Ventures, Nascent Ventures, Variant, Satstreet Inc., Quantonation, Lattice Capital Management, Nebular Management, Formation
- Seed, Jun 18, 2025, $6M — Castle Island Ventures, Variant, Quantonation, Nebular Management, Formation

## Investors

- Castle Island Ventures (https://capitalatlas.ai/funds/castle-island-ventures) — Seed, Series A
- Variant (https://capitalatlas.ai/funds/variant) — Seed, Series A
- Quantonation (https://capitalatlas.ai/funds/quantonation) — Seed, Series A
- Nebular Management (https://capitalatlas.ai/funds/nebular-management) — Seed, Series A
- Formation (https://capitalatlas.ai/funds/formation) — Seed, Series A
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Series A
- Fin Capital (https://capitalatlas.ai/funds/fin-capital) — Series A
- Nascent Ventures (https://capitalatlas.ai/funds/nascent-ventures) — Series A
- Satstreet Inc. — Series A
- Lattice Capital Management (https://capitalatlas.ai/funds/lattice-capital-management) — Series A