Deep-Strike Missile Maker Covenant Exits Stealth With $250M, Unicorn Valuation - Wowtale
Article excerpt
Recent conflicts are burning through long-range precision missiles faster than the West’s defense industrial base can replace them. Munitions stockpiles are draining quicker than they can be refilled. Covenant came out of stealth to close that gap, unveiling Anthem, a long-range, heavy-payload weapon system built for production in the thousands. Anthem is a cruise missile designed to deliver that range and payload at a fraction of the cost of comparable legacy systems. Most of its parts are comm
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Covenant said it has raised more than $250 million across three rounds, led by Andreessen Horowitz, Founders Fund, Lux Capital, 8VC, Aleph, and Lightspeed Venture Partners.
