AI coding agent startup Cognition has raised more than $2 billion in a Series E funding round that values the company at $48 billion. SiliconANGLE reported the valuation nearly doubled from the previous round, with annualised revenue close to $900 million. Cognition raised $1 billion in May at a $26 billion valuation. The company develops an AI agent that handles the full software engineering process.

The U.S. government sold Anthropic stakes seized from Caroline Ellison and Nishad Singh, figures tied to the FTX collapse, to existing investors, but did not disclose the sale timing, buyers or price. It has not been decided whether the proceeds will go to compensate FTX victims or be retained by the government. Anthropic’s surging valuation has heightened interest in the sale, while lawyers and victims cite uncertainty over how much could reach victims.