Secretive defense startup Covenant emerges from stealth with $250 million at over $1 billion valuation

Business September 09, 2026 06:01 PM

The startup, founded in 2024, has spent two years operating in near-total secrecy as it develops Anthem, a long-range heavy-payload weapon designed to be produced at a fraction of the cost of comparable legacy systems, with serial production expected to begin in 2027.

Secretive defense startup Covenant emerges from stealth with $250 million at over $1 billion valuation

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