Is Covenant a funded company?

Covenant is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Sep 09, 2026.

When was the latest funding round of Covenant?

Covenant's latest funding was a $***** Seed round on Sep 09, 2026, with participation from 5 investors.

Where does Covenant rank among its competitors?

Covenant ranks 26th amongst 133 active competitors, of which 18 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Mach Industries, which secured $600M in Sep, 2026.

Who are the top competitors of Covenant?

Covenant's top competitors include Quantum Systems, Anduril and Helsing. Among them, Mach Industries secured the most recent funding round in September, 2026.

Covenant - 2026 Company Profile, Funding & Competitors

Covenant is a seed company. It operates as a Manufacturer of long range heavy payload precision strike weapon systems. Covenant has raised $250M in funding from investors like Andreessen Horowitz, Founders Fund and Lux Capital. The company has 133 active competitors, including 18 funded and 4 that have exited. Its top competitors include companies like Quantum Systems, Anduril and Helsing.

Company Details

Manufacturer of long range heavy payload precision strike weapon systems. These systems are designed to reach distant targets using high capacity flight capabilities. The technology focuses on deep strike precision and production at scale for defense purposes. The equipment is manufactured for deployment by military forces to address hardened target requirements.

Key Metrics

Stage

Seed

Total Funding

$250M in 1 round

Latest Funding Round

Seed, Sep 09, 2026, $*****

Investors

Andreessen Horowitz & 4 more

Ranked

26^th among 133 active competitors

Similar Companies

Helsing & 91 more

View Covenant's full profile

Covenant has raised a total funding of $250M over 1 round. Its latest funding round was a Seed round on Sep 09, 2026 for $*****. 5 investors participated in its latest round. Covenant has 5 institutional investors.

Here is the list of recent funding rounds of Covenant:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 09, 2026	2829052	Seed	8409883	6512927	7746107	1170931

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Top competitors of Covenant include Quantum Systems, Anduril and Helsing. Here is the list of Top 10 competitors of Covenant, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Quantum Systems 2015, Gilching (Germany), Series D	AI-powered aerial intelligence and reconnaissance systems	$1.82B	Balderton Capital, 10x Group & 37 others	78/100
2nd	Anduril 2017, Costa Mesa (United States), Series H	Provider of AI-driven defense and autonomous systems across air, land, sea, and space domains	$11.3B	Founders Fund, Andreessen Horowitz & 87 others	75/100
3rd	Helsing 2021, Munich (Germany), Series E	Developer of AI-enabled autonomous systems for defense applications across domains	$3.43B	General Catalyst, Prima Materia & 40 others	68/100
4th	STARK 2024, Berlin (Germany), Series C	Developer of AI-enabled, software-defined unmanned systems for defense and military applications	$634M	Sequoia Capital, Founders Fund & 11 others	63/100
5th	Mach Industries 2020, Huntington Beach (United States), Series C	Developer of advanced military aviation platforms	$1.09B	Ribbit Capital, Infinite Capital & 9 others	63/100
6th	Red Cat 2016, San Juan (Puerto Rico), Acquired	Developer of unmanned aerial systems for defense and security operations	$380K	-	58/100
7th	Insitu 1994, White Salmon (United States), Acquired	Provider of customized unmanned systems and develops information processing software solutions	$21.3M	Battery Ventures, Second Avenue Partners	56/100
8th	Zeus Numerix 2004, Mumbai (India), Seed	Developer of engineering software and provider of CAE simulation services	$3.17M	Malbros holdings, Skegen & 29 others	49/100
9th	Darkhive 2021, San Antonio (United States), Series B	Manufacturer of uncrewed defense systems and autonomous military software platforms	$55M	Ten Eleven Ventures, Crosslink Capital & 6 others	49/100
10th	Trypillian 2024, Kyiv (Ukraine), Seed	Manufacturer of military applications for autonomous battlefields	$5M	-	47/100
26th	Covenant Seed	Manufacturer of long range heavy payload precision strike weapon systems	$250M	Founders Fund, Aleph & 3 others	28/100