Stripe agrees to buy New York-based OpenRouter for an undisclosed amount; Stripe had reportedly agreed to pay more than $7B for OpenRouter (Bloomberg)
Stripe Inc. has agreed to buy OpenRouter Inc., an artificial intelligence startup that helps developers access and switch between AI models. No terms were disclosed.
Bloomberg has reported that Stripe has finalized a deal to acquire OpenRouter, a company that helps customers select different AI models for specific tasks. OpenRouter was valued at $1.3 billion in May after raising $113 million in a Series B round. The startup boasts 8 million global users and access to over 400 models. OpenRouter CEO Alex Atallah has described the company as akin to Stripe for AI, providing a single access point to various systems and preventing lock-in.
Stripe and OpenRouter were rumored to be in acquisition talks last month. A Stripe spokesperson declined to comment on the report.
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