Covenant
Builds Anthem, a long-range heavy-payload ground-launched strike weapon, with a 105,000 sq ft factory in Grand Prairie, Texas and sites in Germany and Israel.
US soldiers launch a Switchblade 600 loitering munition, Grafenwoehr. Photo: U.S. Army TSAE by Sgt. Cody Nelson, Public domain (PD-USGov-Military-Army).
Funding history
| Date | Round | Amount |
|---|---|---|
| Sep 2026 | Undisclosed rounds | $250M |
Why it matters
About $70M of work with the Navy Rapid Capabilities Office and Army testing; Anthem live fire at Project Convergence Capstone 6 (Jul 2026); production from Q1 2027 targeting 5,000 units a year; reported valuation above $1B.
Is Covenant publicly traded?
Covenant is privately held as of November 14, 2026: there is no ticker and no announced IPO. Shares are not available on public exchanges.
Information only, not investment advice.
Some figures rest on a single report. Treat them as indicative.Last verified November 14, 2026
Covenant: key questions
What does Covenant do?
Builds Anthem, a long-range heavy-payload ground-launched strike weapon, with a 105,000 sq ft factory in Grand Prairie, Texas and sites in Germany and Israel.
What does Covenant make?
Products named by Covenant include Anthem.
Where is Covenant based?
Covenant is headquartered in Washington, District of Columbia. It was founded in 2024.
How much funding has Covenant raised?
Total funding is >$250M, based on announced and reported rounds. Latest round: Undisclosed rounds, $250M total, Sep 2026.
Who are Covenant's investors?
Notable investors include Andreessen Horowitz, Founders Fund, Lux Capital, 8VC, Aleph, Lightspeed Venture Partners.
Is Covenant publicly traded?
Covenant is privately held as of November 14, 2026: there is no ticker and no announced IPO. Shares are not available on public exchanges.
Can you buy Covenant stock?
Not on a public exchange: Covenant is a private company. Shares of private companies change hands only in private transactions open to accredited investors, when the company allows it. This is not investment advice.
Sources
- dallasinnovates.com/defense-startup-covenant-exits-stealth-with-grand-prairie-missile-fact
- calcalistech.com/ctechnews/article/hjhm5saugx
- en.globes.co.il/en/article-1001555072
Figures come from company announcements, government sources and press reports. Spot an error? Send a correction. Nothing here is investment advice.
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