Stripe will reportedly acquire AI gateway startup OpenRouter for $7B+
OpenRouter's CEO recently described the startup as Stripe for AI.
In a significant move, Stripe has reportedly acquired AI gateway startup OpenRouter for more than $7 billion, according to Bloomberg. OpenRouter enables customers to select the most suitable AI models for their specific requirements and budget. The company was valued at $1.3 billion in May when it raised $113 million in a Series B round, led by investors such as Sequoia, Andreessen Horowitz, Menlo Ventures, and Alphabet’s Capital G. OpenRouter's CEO, Alex Atallah, described the startup as the "Stripe for AI," as it offers customers a unified platform to access various systems and prevent lock-in.
The startup boasts an 8 million-strong user base and provides access to over 400 models. Earlier this month, the Wall Street Journal reported that Stripe and OpenRouter were in acquisition talks, and Bloomberg has now confirmed the deal. A Stripe spokesperson declined to comment on rumors or speculation.
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