Stripe Acquires AI Gateway Startup OpenRouter in Deal Exceeding $7 Billion
Summary
Stripe acquires AI gateway startup OpenRouter in a deal exceeding $7 billion, securing a platform that gives 8 million users unified access to over 400 AI models just months after OpenRouter's $1.3 billion Series B valuation.
Key Points
- Stripe has finalized a deal to acquire AI gateway startup OpenRouter at a price exceeding $7 billion, according to a Bloomberg report.
- OpenRouter, which raised a $113 million Series B at a $1.3 billion valuation in May, provides 8 million global users with a single access point to over 400 AI models, helping customers select models based on their needs and budget.
- Stripe is declining to comment on the reported acquisition, while backing from major investors including Sequoia, Andreessen Horowitz, Menlo Ventures, and Alphabet's Capital G underscores OpenRouter's rapid rise in the AI infrastructure space.