Project Eleven Buys Riva Labs To Speed Up Post-quantum Security

Project Eleven is acquiring Riva Labs to accelerate the development of practical post-quantum security solutions for blockchains. The acquisition brings Riva Labs’ demonstrated post-quantum signing technology, recently presented on consumer hardware, into Project Eleven’s existing work across signatures, wallets and protocol infrastructure, the company says. This move reflects growing urgency within the industry, driven by the accelerating pace of cryptographic research aided by artificial intelligence.

Riva Labs Expands Project Eleven’s Post-Quantum Signature and MPC Expertise

Project Eleven intends to integrate Riva Labs’ demonstrated post-quantum signing functionality on consumer hardware into its broader suite of post-quantum security tools and services. Project Eleven is integrating expertise across signatures, wallets, key management and protocol infrastructure, and this comprehensive approach distinguishes it from companies concentrating on isolated aspects of post-quantum security. This layered strategy addresses the entire security stack, recognizing that vulnerabilities in any single component could compromise the entire system.

The company’s focus extends beyond simply replacing existing algorithms. It aims to build a comprehensive, resilient framework for digital asset protection. “Riva Labs is exactly the kind of talent we want at Project Eleven: deeply technical and focused on turning cryptographic research into systems that can actually be deployed,” said Alex Pruden, CEO and Co-Founder of Project Eleven. New techniques are being developed and tested, potentially shortening the timeline for breaches of current encryption methods.