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Stripe Reportedly Acquires AI Gateway Startup OpenRouter for Over $7 Billion
Key points
- Stripe reportedly acquired OpenRouter for over $7 billion.
- OpenRouter offers access to over 400 AI models.
- The startup previously raised $113 million at a $1.3 billion valuation.
- Stripe declined to comment on the acquisition rumor.
Acquisition Details Emerge
Bloomberg reports that Stripe has completed a deal to acquire OpenRouter for a price exceeding $7 billion. This follows earlier reports from The Wall Street Journal about ongoing acquisition talks between the two companies.
OpenRouter's Role in AI
OpenRouter functions as an AI gateway, allowing customers to choose different AI models based on their specific needs and budget. The company aims to provide a unified access point to various AI systems, thereby preventing vendor lock-in for its users. OpenRouter claims to have 8 million global users and offers access to more than 400 models.
Previous Funding and Valuation
In May, OpenRouter announced a $113 million Series B funding round, which valued the company at $1.3 billion. Notable investors in OpenRouter include Sequoia, Andreessen Horowitz, Menlo Ventures, and Alphabet’s Capital G.
Stripe's Response
A spokesperson for Stripe stated that the company does not comment on rumors or speculation regarding acquisitions.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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Reporting from
Stripe has reportedly finalized a deal to acquire OpenRouter for more than $7 billion, according to Bloomberg. OpenRouter provides a single access point for customers to select and use various AI models, preventing vendor lock-in.