Covenant
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, DC
Founded 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.
Has Covenant filed an S-1?
No public S-1 is on file for Covenant.
Who are Covenant's investors?
Covenant's investors include Andreessen Horowitz, Founders Fund, Lux Capital, 8VC, Aleph, Lightspeed Venture Partners.
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
Growth
~$150M in orders booked at stealth exit (Sep 2026); revenue expected to begin 2027 as deliveries ramp (Reuters)
Fundraising Status
Later Stage VC · this month
privateTotal raised $250M1 disclosed rounds
Funding History
| Round | Amount | Date | Lead Investor | Post-Money |
|---|
| Three rounds (seed through latest, undisclosed split) | $250M | Sep 2026 | Andreessen Horowitz (with Founders Fund, Lux, 8VC, Aleph, Lightspeed) | — |
Vertical Intelligence — Defense / Aerospace
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 2026-09-10. Re-checked weekly.
Talent Signal
Hiring data for Covenant has not been collected yet — the monthly talent sweep hasn't reached this company. Check back soon.
Investors
Andreessen Horowitz · Founders Fund · Lux Capital · 8VC · Aleph · Lightspeed Venture Partners
Products
- Anthem (ground-launched long-range, heavy-payload cruise missile — solid rocket boost, heavy-fuel jet cruise, >200 kg payload)
- Maritime Anthem (U.S. Navy DONRCO variant, in development)
- Mission planning and command-and-control software for coordinated mass launch
- Launch, storage, transport and reload system
Competitors
RTX (Raytheon Tomahawk) · Lockheed Martin (JASSM-ER, PrSM) · Anduril Industries (Barracuda) · Castelion · Ares Industries
DefenseDefense TechAerospaceManufacturingDoD
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.