The Washington-based defense company designed Anthem to carry a heavy payload over long distances and enter production in the thousands. Covenant says the system will cost a fraction of comparable legacy weapons and help address shortages in Western precision-strike inventories.
The funding was raised across three rounds led by Andreessen Horowitz, Founders Fund, Lux, 8VC, Aleph and Lightspeed. Covenant said Anthem’s combination of range, payload, price and manufacturability was intended to support sustained operations during a prolonged conflict.
“When you look at our adversaries, you see thousands of hardened targets, beyond the range of current capabilities,” said Michael Kaufman, co-founder and chief executive officer 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.”
Anthem completed its maiden flight in August 2025 and has since flown more than 200 times. Those flights included multiple tests with the U.S. Army in the United States and overseas, allowing Covenant to evaluate each part of the system’s design.
The company has designed Anthem as an end-to-end deep-strike system with simplified storage, transport, launch and reloading requirements. Covenant has also created its own mission-planning and command-and-control software to support coordinated launches involving multiple weapons.
Most Anthem components are commercially available, while Covenant has secured long-term agreements for other key parts. Its production model draws on local supply chains in allied countries to maintain access to components during wartime.
“In the first Replicator Initiative, we focused the Pentagon on moving fast to scale delivery of small, inexpensive autonomous systems,” said Kathleen Hicks, former U.S. deputy secretary of defense and an adviser to Covenant. “That same focus is needed to drive production and delivery of affordable capabilities at higher ranges and larger payloads. Covenant has built Anthem in direct alignment with Replicator’s principles.”
The new Dallas-area facility will ramp toward annual production of 5,000 Anthem systems, according to the company. Covenant also operates a 110,000-square-foot facility in Saxony, Germany, and a 32,000-square-foot facility in northern Israel.
“Emerging from stealth and announcing our production plans marks Covenant’s next phase,” said Abby Denburg, the company’s president and chief growth officer. “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.”
Covenant’s order book includes qualification work, research and development agreements and several production contracts. The company expects additional awards before the end of the year, although some customers do not permit their contracts to be disclosed publicly.
The company has an Other Transaction Agreement with the U.S. Army covering an accelerated testing and qualification program. It also holds a contract with the U.S. Navy’s Rapid Capabilities Office to adapt the ground-launched weapon into a Maritime Anthem variant.
The Navy work is valued at roughly $70 million and includes a cost-sharing component. It also funds Defense Exportability Features design changes intended to accelerate potential exports to U.S. allies and partners.
“We don’t lack advanced weapons, we lack enough of them, and that’s a production question as much as technology one,” said Mike Garcia, a former U.S. representative and an adviser to Covenant. “Anthem is Covenant’s answer, a missile designed from day one to be built in the numbers a real fight demands.”
“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, a general partner at 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.”
Covenant is recruiting for engineering, manufacturing and operations positions at its Texas site as production preparations continue. The company plans to manufacture Anthem in the United States, Germany and Israel for American and allied customers.
