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Project Eleven Acquires Riva Labs for Post-Quantum Security Expansion

Project Eleven Acquires Riva Labs for Post-Quantum Security Expansion

First seen 30 Sep 2026, 16:28 UTC • •
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ThreatCluster AI
ThreatCluster •September 30, 2026 at 21:38 UTC
  • •Project Eleven acquired Riva Labs to bolster post-quantum security expertise.
  • •Riva Labs specializes in practical implementations of post-quantum cryptography.
  • •The acquisition is driven by the urgent need for secure digital asset infrastructure.

On September 29, 2026, Project Eleven announced its acquisition of Riva Labs to enhance its post-quantum security capabilities for digital assets. This acquisition brings Riva's expertise in post-quantum signatures, multi-party computation (MPC), and account abstraction into Project Eleven's portfolio. Riva Labs has demonstrated the ability to implement post-quantum signing on consumer hardware, addressing critical hurdles for widespread adoption. The urgency for such advancements is heightened by the rapid pace of AI in cryptographic research, which accelerates both the development and potential vulnerabilities in existing cryptographic techniques. Project Eleven has raised a total of $26 million in funding to support its mission. The integration of Riva Labs is expected to strengthen Project Eleven's technical capabilities and facilitate the transition to post-quantum security across digital assets.

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Timeline

2026-09-29
Project Eleven acquires Riva Labs
The acquisition aims to enhance post-quantum security capabilities, integrating Riva's expertise in signatures and MPC.
PR Newswire
2026-09-30
Project Eleven announces acquisition details
Project Eleven publicly details the acquisition of Riva Labs and its implications for post-quantum security.
Quantumzeitgeist

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Common questions

What technologies does Riva Labs bring?
Riva Labs specializes in post-quantum signatures, multi-party computation, and account abstraction for blockchain systems.
Why is this acquisition significant?
The acquisition enhances Project Eleven's capabilities in developing secure infrastructure for digital assets amid increasing cryptographic threats.
How does AI impact cryptographic research?
AI accelerates both the development of new cryptographic techniques and the potential breaking of existing ones, making rapid innovation necessary.