# Covenant Defense-technology startup founded in 2024, with operations in the United States, Germany and Israel, that emerged from stealth on September 9, 2026 with the **Anthem** ground-launched cruise missile and a new factory in Grand Prairie, Texas. It has raised more than $250 million across three rounds at a valuation above $1 billion, led by [[Andreessen Horowitz]], [[Founders Fund]], Lux Capital, [[8VC]], Aleph and Lightspeed. Anthem is pitched as a low-cost, mass-producible alternative to RTX's Tomahawk, carrying a payload above 200 kg with more than 200 test flights logged. Covenant holds an Other Transaction Agreement with the U.S. Army for accelerated testing and qualification, and the Navy's Rapid Capabilities Office has awarded roughly $70 million in cost-sharing toward a maritime variant. Serial production is planned from early 2027. **Why it matters to this KB:** Covenant is the clearest single instance of the defense-tech cap-table convergence the vault tracks — [[Peter Thiel]]'s Founders Fund, [[Joe Lonsdale]]'s 8VC and [[Marc Andreessen]]'s a16z all funding the same munitions company, positioned against a U.S. stockpile shortage attributed to the war with [[Iran]]. > [!note] Stub > Minimum-viable page created to support [[Peter Thiel News Log]] and [[Joe Lonsdale News Log]]. Expand with founder identities, the German and Israeli production footprint, and the Navy RCO award. The funding disclosure itself is recorded as [[Covenant Stealth Exit Funding]] — note that the $250M+ figure is **cumulative across three rounds**, surfaced by the stealth exit, and is not a September 2026 raise.