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CO

defense

Covenant

Low-cost long-range heavy-payload cruise missile (Anthem) emerging from stealth

Total raised
$250M
Funding rounds
1
Founded
2024

Covenant is an Israeli defense company1 founded in 20241.

It has raised $250M across 1 funding round1; the most recent was a round of $250M1, announced Sep 9, 20261.

Founders: Michael Kaufman (Founder) and Ofir Dayan (Co-founder)1.

Funding history

1 round

Funding rounds raised by Covenant, newest first
RoundAnnouncedAmountLead investors
Undisclosed stageSep 9, 2026$250MAndreessen Horowitz, Founders Fund, 8VC, Lux Capital, Aleph, Lightspeed Venture Partners

Founders

  • Michael KaufmanFounder
  • Ofir DayanCo-founder

Investors

  • Andreessen Horowitz
  • Founders Fund
  • 8VC
  • Lux Capital
  • Aleph
  • Lightspeed Venture Partners

Which Israeli startups are similar to Covenant?

  • Civan Laserslasers
  • High Landerautonomous aviation
  • Tomerdefense
  • AITANdefense
  • ASIOdefense
  • eyesAtoprobotics

Which startups share investors with Covenant?

  • Zenzapenterprise software
  • Cyeracybersecurity
  • Buildotsconstruction tech
  • Inevitable AI Group (IAIG)ai
  • Oligo Securitycybersecurity
  • Harmonyai

Sources

  1. 1Calcalist (CTech), Sep 9, 2026. “Secretive defense startup Covenant emerges from stealth with $250 million at over $1 billion valuation”

How much funding has Covenant raised?

Covenant has raised $250M across 1 funding round.

What was Covenant’s latest funding round?

Covenant’s most recent round was a round of $250M, announced Sep 9, 2026.

Who founded Covenant?

Covenant was founded by Michael Kaufman and Ofir Dayan.

Who has invested in Covenant?

Investors in Covenant include Andreessen Horowitz, Founders Fund, 8VC, Lux Capital, Aleph and Lightspeed Venture Partners.

When was Covenant founded?

Covenant was founded in 2024.

Founded
2024
Sectors
defense
Status
Private, operating
Total raised
$250M
Latest round
Undisclosed stage, Sep 9, 2026

Updated Sep 9, 2026

Spotted an error? Request a correction.

Israeli Founders

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Every figure links to the public report it came from. Spotted an error? Request a correction or write to corrections@cuantolabs.com.

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© 2026 Cuanto Labs. Data compiled from public announcements and press coverage. Built by Cuanto Labs.