Covenant has emerged from stealth with more than $250 million in funding across three rounds, a new 105,000-square-foot manufacturing facility in Texas and its flagship Anthem long-range precision strike weapon system. The funding rounds were led by Andreessen Horowitz, Founders Fund, Lux, 8VC, Aleph and Lightspeed. Covenant has also secured contracts in the U.S., Europe and other international markets.
Covenant describes Anthem as a long-range, heavy-payload weapon system designed for high-volume production and positioned as a lower-cost alternative to comparable legacy systems.
The company has been flight-testing Anthem since its maiden flight in August 2025 and has completed more than 200 flights, including multiple tests with the U.S. Army in the U.S. and overseas.
Covenant has designed Anthem as an end-to-end system that includes its own mission planning and command-and-control software.
The company is also emphasizing manufacturability. Most Anthem components are commercially available off-the-shelf parts, while Covenant has entered long-term supply agreements for other critical components and plans to draw on supply chains across allied countries.
U.S. production will take place at Covenant’s new 105,000-square-foot facility in the Dallas area, which opened alongside the company’s public launch.
Serial production is expected to begin in the first quarter of 2027, with the facility designed to ramp toward 5,000 units annually.
Covenant also operates a 110,000-square-foot facility in Saxony, Germany, supported by a European supply chain, and a 32,000-square-foot facility in northern Israel.
The company has booked approximately $150 million in orders to date, including qualification, research and development, and multiple production contracts, with additional awards expected before year-end.
Covenant is operating under an Other Transaction Agreement with the U.S. Army for an accelerated Anthem test and qualification program.
The company also has a contract with the U.S. Navy’s Rapid Capabilities Office to adapt the ground-launched system into a Maritime Anthem variant. That work is valued at approximately $70 million, including a cost-sharing component, and includes modifications intended to support exports to U.S. allies and partners.
Covenant is headquartered in Washington, D.C., and is expanding its engineering, manufacturing and operations workforce in Texas.
KEY QUOTES:
“When you look at our adversaries, you see thousands of hardened targets, beyond the range of current capabilities,” said Michael Kaufman, Co-Founder and CEO of Covenant. “Anthem was built to credibly hold those targets at risk in a prolonged conflict. If our stockpiles run thin, so does our deterrence.”
Michael Kaufman, Co-Founder and CEO of Covenant
“Emerging from stealth and announcing our production plans marks Covenant’s next phase,” said Abby Denburg, President and Chief Growth Officer, Covenant. “Now the measure of our success is execution: delivering mission-critical capability to our customers on time, at scale, and with the performance they expect.”
Abby Denburg, President and Chief Growth Officer of Covenant
“American Dynamism is about backing founders taking on the missions that matter most to America’s national security and rebuilding the West’s long-range strike arsenal is at the top of that list,” said David Ulevitch, General Partner, Andreessen Horowitz. “Covenant has the technical depth and the urgency the mission requires, and the company has already proven it in the air, not on paper.”
David Ulevitch, General Partner at Andreessen Horowitz
