Stripe Acquires AI Gateway Company OpenRouter in a Deal Exceeding $7 Billion

As reported by Bloomberg, Stripe has officially finalized its acquisition of OpenRouter.

OpenRouter offers an extensive array of AI models tailored to meet the unique requirements and financial contexts of its users. In May, the company revealed that it had secured $113 million through a Series B funding round, elevating its valuation to approximately $1.3 billion. Key investors include Sequoia, Andreessen Horowitz, Menlo Ventures, and Capital G, a subsidiary of Alphabet.

In the funding announcement, CEO Alex Atallah compared OpenRouter to Stripe within the AI sector, highlighting its function as a platform that integrates various systems and reduces dependence on multiple vendors. The startup caters to a global customer base of 8 million users and provides access to over 400 AI models.

Recently, The Wall Street Journal disclosed that Stripe and OpenRouter were engaged in negotiations for a potential acquisition. Bloomberg has now confirmed that these discussions have culminated in a deal valued at over $7 billion.

A representative for Stripe informed TechCrunch that the company refrains from commenting on speculation or rumors.