Stripe Acquires OpenRouter, an AI Gateway Company, for Over $7 Billion

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

OpenRouter offers a diverse array of AI models tailored to meet the unique needs and financial situations of its clientele. In May, the firm disclosed that it had secured $113 million in a Series B funding round, boosting its valuation to approximately $1.3 billion. Prominent investors in this funding round include Sequoia, Andreessen Horowitz, Menlo Ventures, and Capital G, a branch of Alphabet.

In the wake of the funding announcement, CEO Alex Atallah likened OpenRouter to Stripe within the AI sector, highlighting its function as a cohesive platform that simplifies various systems and reduces dependency on multiple vendors. The startup boasts a global user community of 8 million, providing access to over 400 AI models.

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

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