Stripe to buy OpenRouter as fintech expands deeper into AI
Stripe said it's acquiring OpenRouter, as the payments company expands into the artificial intelligence model market.
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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