OpenRouter

OpenRouter valuation doubles to $1.3B driven by 5x token processing growth

OpenRouter, an AI gateway startup, raised $113 million in a Series B led by CapitalG at a $1.3 billion post-money valuation. This marks a significant rise from its $547 million valuation a year prior after a $40 million Series A led by Andreessen Horowitz and Menlo Ventures. The company's success has been fueled by exponential growth in usage, with token processing increasing 5x over six months, reaching 100 trillion tokens monthly and serving 8 million global users. OpenRouter enables enterprises to switch between over 400 AI models, including offerings from OpenAI, Google, and Anthropic, underscoring the demand for flexible multi-AI-model infrastructures.