Bloomberg: Stripe seals deal to buy OpenRouter for more than $7bn
OpenRouter more than doubled its valuation in a year after its May round led by Alphabet's venture arm. Read more: Bloomberg: Stripe seals deal to buy OpenRouter for more than $7bn
OpenRouter, an AI marketplace startup founded in 2023, has reportedly been acquired by payments platform Stripe for over $7 billion. The New York-based company offers access to over 500 large language models (LLMs) and has more than 10 million users globally. OpenRouter more than doubled its valuation in a year, reaching more than $1.3 billion in March 2022, according to various reports.
The deal was finalized months after OpenRouter raised $113 million at a reported $1.3 billion valuation. Stripe, which already uses OpenRouter's services for billing, payment collection and tax, has been exploring diversifying its business, with its crypto joint venture Tempo attempting to create an alternate financial system for AI agents.
Stripe is also considering a joint acquisition of PayPal along with US private equity firm Advent International.
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