Covenant Stock
| Valuation | $1B1 |
| Valuation Date | Sep 9, 2026 |
| Implied Valuation | n/a |
| Last Price | n/a |
| 52-Week High | n/a |
| 52-Week Low | n/a |
| YTD Return | n/a |
| 1-Year Return | n/a |
| 3-Year Return | n/a |
| Total Funding | $250M2 |
| Latest Round Amount | n/a |
| Latest Round | n/a |
| Funding Rounds | 3 |
| IPO Status | Unknown |
| Expected IPO Date | n/a |
| Revenue | n/a |
| Revenue Type | n/a |
| P/S Ratio | n/a |
About Covenant
Covenant is a defense technology company that builds long-range precision strike weapons for the United States and its allies. Its flagship system, Anthem, is a ground-launched cruise missile that carries a payload of more than 200 kg and is engineered to be mass-produced at a fraction of the cost of legacy weapons. The company also supplies the mission-planning and command-and-control software needed to launch these missiles at scale. Covenant makes money by selling Anthem systems and related development and production work to the U.S. military and allied governments. It operates local production lines in Texas, Germany and Israel. The company was founded in 2024 by Michael Kaufman, a former investor at Thiel Capital who serves as CEO, alongside co-founder Ofir Dayan.
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News
Defense Startup Covenant Exits Stealth With Grand Prairie Missile Factory and $250M Raise
Washington, D.C.-based Covenant opened a Grand Prairie, Texas missile factory as it emerged from stealth with backing from Andreessen Horowitz, Founders Fund, Lux, 8VC, Aleph, and Lightspeed.
US startup Covenant to launch cruise missile production in Germany next year
CEO Michael Kaufman said Covenant plans serial production of its Anthem missile in Germany in early 2027 and is targeting a 5,000-missile annual run rate by 2028 as European demand grows.
Andreessen- and Thiel-backed defense startup opens U.S. missile factory as it exits stealth
Covenant opened a 105,000-square-foot Dallas factory to build Anthem missiles, backed by Andreessen Horowitz, Founders Fund and other investors after raising $250 million.
Silicon Valley-backed Covenant unveils low-cost, mass-producible cruise missile
Covenant emerged from stealth to unveil Anthem, a heavy-payload, long-range ground-launched cruise missile it says can be mass-produced at low cost. The company said it has raised just over $250 milli...
Andreessen Horowitz-Backed Defense Startup Covenant Emerges From Stealth
Defense-tech startup Covenant, backed by Andreessen Horowitz, emerged from stealth with more than $250 million in funding and announced Anthem, a long-range cruise missile it says is cheaper to produc...
Introducing Covenant
In a founder essay, CEO Michael Kaufman introduced Covenant and its Anthem deep-precision-strike weapon, describing $250 million raised in under two years, more than 200 test flights and production fa...
Covenant emerges from stealth and unveils Anthem, a deep-strike missile
Covenant, founded by Michael Kaufman, revealed Anthem and plans to produce as many as 5,000 long-range weapons a year. It is also adapting the system into a Maritime Anthem variant for the US Navy und...
Secretive defense startup Covenant emerges from stealth with $250 million at over $1 billion valuation
Covenant emerged from two years of secrecy, disclosing more than $250 million raised across three rounds from investors including Andreessen Horowitz, Founders Fund, Lux, 8VC, Aleph and Lightspeed. Es...