American venture capital fund of record in tech, space, defense investments
Covenant has announced Anthem, a ground-launched cruise missile capable of carrying a 200+ kg payload. With multiple production sites and a goal of 5,000 missiles per year, the program aims to lower costs while expanding long-range reach, including Indo-Pacific defense considerations.
Factory AI and Cognition remain at odds over confidential information and board-level conflicts. Vinod Khosla has publicly criticized Factory while investors debate the implications for valuations and competitive dynamics in AI coding tools.
A wave of multi-million-dollar rounds in robotics and AI-enabled hardware signals a push to bring ‘physical AI’ into real-world production. Companies from Multiply Labs to FieldAI and SiMa.ai are racing to scale their robot-centric platforms, with strategic rounds aimed at forging scalable, cost-effective manufacturing and autonomous systems.