Stripe has reportedly finalized an agreement to acquire the AI gateway startup OpenRouter for a price exceeding $7 billion.
Key facts
- •Bloomberg reported the acquisition price for OpenRouter is over $7 billion.
- •OpenRouter CEO Alex Atallah has previously described the startup as the equivalent of Stripe for AI.
- •The Wall Street Journal first reported that the two companies were in acquisition talks last month.
- •OpenRouter’s May Series B funding round valued the company at $1.3 billion.
- •A Stripe spokesperson stated the company does not comment on rumors or speculation.
Stripe has reportedly finalized a deal to acquire OpenRouter, an AI gateway startup that allows users to access and select from various AI models. According to a report by Bloomberg, the acquisition price is valued at more than $7 billion.
By the numbers
OpenRouter Business Model
OpenRouter functions as a gateway that enables customers to choose different AI models based on specific task requirements and budget constraints. The company provides a single access point for various systems, which it claims helps prevent vendor lock-in.
Recent Growth and Funding
In May, OpenRouter announced it had raised $113 million in a Series B funding round, which brought its valuation to $1.3 billion. Investors in the company include Sequoia, Andreessen Horowitz, Menlo Ventures, and Alphabet’s Capital G. The startup has reported having 8 million global users and providing access to over 400 different AI models.
Timeline
- MayOpenRouter announced a $113 million Series B funding round.
- Last monthThe Wall Street Journal reported that Stripe and OpenRouter were in acquisition talks.
- CurrentBloomberg reported that Stripe has finalized a deal to acquire OpenRouter.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by TechCrunch.
