Just one month after successfully testing its Anthem missile in Morocco, the American startup Covenant is emerging from two years of near-secrecy. Founded in 2024 by Israeli-American entrepreneur Michael Kaufman and Ofir Dayan, the company has raised over $250 million and is now valued at more than $1 billion. This significant financial backing marks a pivotal moment for Covenant as it unveils its ambitions and the identities of its investors.

During its three funding rounds, notable venture capital firms such as Andreessen Horowitz, Founders Fund, Lux Capital, 8VC, Lightspeed, and the Israeli fund Aleph participated. The most recent funding round reportedly valued Covenant at over $1 billion, as detailed by CTech. The company claims to have secured approximately $150 million in orders that encompass research, qualification, and multiple production contracts, with expectations for additional contracts to be finalized by year-end.

The Anthem missile had its first public launch in August in Morocco, where U.S. and Moroccan military personnel collaborated with Covenant engineers to test various aspects of the missile, including communication systems, maneuverability, and launch protocols. This demonstration, however, was not an operational deployment; rather, it was designed to gather data and assess the system under real-world conditions, as clarified by CTech.

From Testing to Mass Production: The Future of Anthem

Since its inaugural flight in August 2025, Covenant has reportedly conducted over 200 flights, including operations with the U.S. military both domestically and overseas. The company is poised to begin serial production in the first quarter of 2027 at a new facility in Dallas, with a goal of gradually ramping up to a capacity of 5,000 missiles per year. Covenant positions the Anthem as a long-range weapon capable of carrying heavy payloads while being significantly more cost-effective to manufacture than traditional cruise missiles. The system encompasses storage, transport, launch, and reloading capabilities, alongside software designed for planning and coordinating salvos.

In parallel, the startup is collaborating with the U.S. Navy on a naval version of the Anthem. This initiative, estimated to be worth around $70 million with a financial contribution from the company, aims to facilitate the eventual export of the missile to the United States' allies and partners.

As reported by bladi.net.