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Venture Capital News: Covenant Emerges From Stealth with $250M

2026-09-09
WASHINGTON, DC, Covenant, a defense startup, announced over $250 million in funding across three rounds led by Andreessen Horowitz and others.
Covenant also announced over $250 million in funding across three rounds led by Andreessen Horowitz, Founders Fund, Lux, 8VC, Aleph and Lightspeed. Today's conflicts are consuming long-range precision strike missiles faster than the defense industrial base can replace them. To meet that need, Covenant is introducing Anthem, a heavy-payload, long-range weapon system designed for production in the thousands. Anthem delivers that payload and range at a fraction of the cost of comparable, legacy systems.
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