Covenant, Defense Tech Startup, Exits Stealth After Securing Over $250 Million
- Published
- Source
- BloombergTechnology
Covenant, a defense technology startup, has emerged from stealth mode after successfully raising over $250 million through three funding rounds. The company has already secured military contracts in both the US and Europe, positioning itself as a key player in the defense sector by developing cost-effective heavy-payload, long-range cruise missiles.
The significance of Covenant's emergence lies in its potential to disrupt the defense technology market with innovative solutions that promise to reduce costs for military applications. Backed by prominent investor Andreessen Horowitz, Covenant's advancements in missile technology could enhance operational capabilities for armed forces in multiple regions, including the US and Europe.
Looking ahead, industry observers will be keen to monitor Covenant's progress in fulfilling its military contracts and the impact of its technology on defense procurement strategies. No further timeline was disclosed at the time of publication.
Original report
Defense Tech Startup Covenant Emerges From Stealth
BloombergTechnologyThis briefing is an independently written summary based on publicly available reporting and is provided for industry information and news discovery. The original report and source publication are credited and linked where applicable. RobotToday does not claim ownership of third-party source material.
Rights concerns? Contact [email protected] with the relevant URL and details. We will review the matter and take appropriate action where warranted.
More related news
- 1
- 2
- 3
- 4
- 5
-
6
ERF 2027 – Birmingham, Mar 2–4, 2027 RobotToday · 1 week ago
- 7
-
8
IROS 2026 Best Paper Finalists: South Korea Leads RobotToday · 2 weeks ago
-
9
IROS 2026 Category Award Finalists: All 22 Papers RobotToday · 2 weeks ago
- 10
- 11
- 12
Related Suppliers
Jaunt Air Mobility
United States
US aerospace company building dual-use autonomous VTOL aircraft using patented Slowed Rotor Compound technology for cargo and tactical missions.
Volatus Aerospace Inc.
Canada
Canadian publicly traded UAV company (TSX: FLT) offering defence-grade drone manufacturing, aerial intelligence services, and pilot training since 2019.
CHAOS Industries, Inc.
United States
Los Angeles defense-tech firm building VANQUISH PRIME and ASTRIA distributed radars plus VESPID low-cost drone interceptors; raised $1B since its 2022 founding.
Destinus
Switzerland
European defense manufacturer building scalable, AI-enabled strike and air-defence systems including interceptors, cruise systems and deep-strike missiles.
Theseus
United States
San Francisco defense-tech startup (YC S24) building GPS-denied visual navigation hardware and software for drones, used by US Special Forces.
Darkhive, Inc.
United States
US defense-tech startup building low-cost autonomous drones for military and public safety, backed by $63M+ including a $49.7M Pentagon contract.
Foundation Future Industries, Inc.
United States
San Francisco humanoid maker (est. 2024) of Phantom, an 80 kg robot with cycloid actuators, piloted in manufacturing and tested under US military contracts.
Elroy Air
United States
South San Francisco autonomous cargo VTOL developer; Chaparral carries 300 lbs over 300 miles crewless, selected for USDOT eVTOL Integration Pilot Program 2026.
Simplexity Robotics 至简动力
China
Chinese embodied-AI startup founded July 2025 that raised five funding rounds totaling roughly RMB 2 billion within six months.
Freeform
United States
Los Angeles metal additive manufacturer running AI-controlled laser powder bed fusion factories; has raised over $125 million across three funding rounds.
Aerial Monitoring Solutions
South Africa
South African manufacturer of cost-effective custom UAVs designed for African conditions, including the Eagle Owl fixed-wing drone.
Gimbel Automation
United States
California integrator specializing in low-cost in-machine CNC tending automation using spindle grippers, pneumatic workholding and turnkey systems.
Robotics needs a service framework.
RSF defines a common language for robot service capability, lifecycle operations, certification pathways, and service-provider networks.
Join the RobotToday community on LinkedIn
Daily robotics news, in-depth analysis, conference highlights, and discussions with professionals worldwide.
