Stripe to Purchase AI Gateway Firm OpenRouter in $7 Billion Plus Agreement

Bloomberg reports that Stripe has successfully finalized its acquisition of OpenRouter.

OpenRouter offers users the ability to select from a range of AI models tailored to their specific needs and financial scenarios. In May, the company revealed it had secured $113 million in a Series B funding round, achieving a valuation close to $1.3 billion. Key investors include Sequoia, Andreessen Horowitz, Menlo Ventures, and Capital G, a branch of Alphabet.

During the funding announcement, CEO Alex Atallah compared OpenRouter to Stripe in the AI sector, highlighting its function as a platform that links various systems and reduces vendor lock-in. The startup boasts a global user base of 8 million and offers access to more than 400 AI models.

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

A representative from Stripe told TechCrunch that the company does not comment on speculation or rumors.