GoKawiilCovenant exits stealth with $250M and a Dallas missile factory
Defense startup Covenant announced it has emerged from stealth mode with $250 million raised across three funding rounds, backed by Andreessen Horowitz, Peter Thiel's Founders Fund, Lux, 8VC, Aleph and Lightspeed. The company opened a 105,000-square-foot factory in Dallas to build its Anthem long-range cruise missiles, aiming to produce 1,000 units in the first year starting in early 2027 and scaling to 5,000 annually.
GoKawiil's interpretation of the reporting above, not reported fact.
Covenant is positioning itself as a lower-cost alternative to established defense contractors like RTX, whose Tomahawk missiles dominate the long-range strike market. With U.S. weapons stockpiles reportedly strained by prolonged conflict, new entrants offering cheaper, faster production could reshape how the Pentagon sources critical munitions and challenge the traditional defense-prime model.
- Covenant raised $250 million from major venture firms including Andreessen Horowitz and Founders Fund.
- Its Dallas factory targets 1,000 Anthem missiles in year one, scaling to 5,000 annually by 2027.
- The launch comes as U.S. missile stockpiles face pressure from ongoing conflict involving Iran.
Source: cnbc.com — Samantha Subin, 2026-09-09
Published there as: “Andreessen- and Thiel-backed defense startup opens U.S. missile factory as it exits stealth”
Read the original report → The summary and analysis above are GoKawiil's own, written from reporting by the source above. Facts and quotes belong to the original publisher.