Anthem — a low-cost, long-range, heavy-payload cruise missile designed to be produced by the thousands for the U.S. and its allies.
Covenant is a defense company founded in 2024 by Michael Kaufman (ex-Thiel Capital) that emerged from stealth on 9 September 2026 with Anthem, a ground-launched long-range, heavy-payload cruise missile built mostly from commercial-off-the-shelf parts and designed for production in the thousands at a mid-six-figure unit price. Anthem has flown 200+ times since its August 2025 maiden flight, including U.S. Army tests. The company has raised just over $250M across three rounds led by Andreessen Horowitz, Founders Fund, Lux, 8VC, Aleph and Lightspeed, booked ~$150M in orders, and opened a 105,000 sq ft plant in Grand Prairie (Dallas), Texas, with sister plants in Saxony, Germany and northern Israel targeting a combined 12,000 missiles a year. Headquartered in Washington, DC; Abby Denburg is President and Chief Growth Officer.
Defense📍 Washington, DCFounded 2024
Current Valuation
Private
PRIVATE
IPO Outlookprivate
Is Covenant going public?
No. Covenant is private and has not filed to go public. There is no S-1 on file.
What is Covenant's valuation in 2026?
No confirmed valuation is on record for Covenant. The roster shows funding and investors where they are public; it does not estimate a mark.
Covenant has raised $250M in total across 1 disclosed round, most recently a Later Stage VC in Sep 2026.
Is Covenant publicly traded — can you buy Covenant stock?
No. Covenant is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for Covenant on its Pre-IPO Access Desk.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Company Profile
CEO
Michael Kaufman
Founded
2024
HQ
Washington, DC
Employees
200+
Total Raised
$250M
Growth
~$150M in orders booked at stealth exit (Sep 2026); revenue expected to begin 2027 as deliveries ramp (Reuters)
IPO Status
private
Fundraising Status
Later Stage VC · 1 mo ago
privateTotal raised $250M1 disclosed rounds
Funding History
Round
Amount
Date
Lead Investor
Post-Money
Three rounds (seed through latest, undisclosed split)
No name-verified federal prime awards for Covenant in the last 36 months on USASpending.gov — revenue may be classified, flow through subcontracts, or be non-US. Absence of a registry match is reported as-is.
Checked usaspending.gov as of 2026-10-27. Re-checked weekly.
Talent Signal
Hiring trend
▶ Hiring steady
+3% vs 2026-09
Open roles
33
via careers page
Product-build share
58%
engineering, research, product, design
Trajectory
steady
product-led hiring — 58% of open roles build product; the rest are go-to-market and G&A.
Actively hiring with no tracked executive churn.
Open roles by month
Open roles by function
■ product-building ■ go-to-market / G&A
Engineering (2)Manufacturing (12)Director of Engineering\\ \\ - Grand Prairie, Texas, USALead Systems Safety & Environmental Engineer\\ \\ - Grand Prairie, Texas, USAIndustrial Engineer\\ \\ - Grand Prairie, Texas, USAManufacturing Engineer\\ \\ - Grand Prairie, Texas, USA
Counted from Covenant's live job board as of 2026-10-11; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
Founders & Key People
Michael Kaufman
Investors
Andreessen Horowitz · Founders Fund · Lux Capital · 8VC · Aleph · Lightspeed Venture Partners
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of recent date. Refreshed quarterly.