Aug 18, 2026ARR Milestone
Stripe nears deal to acquire OpenRouter for $7B+
Stripe has finalized the acquisition of OpenRouter, an AI gateway startup, in a deal valued at over $7 billion, according to Bloomberg. OpenRouter, often likened to being the 'Stripe for AI,' provides customers with a single access point to optimize tasks across 400+ AI models without vendor lock-in. Backed by major investors such as Sequoia, Andreessen Horowitz, Menlo Ventures, and Google’s CapitalG, OpenRouter previously raised $113 million in a Series B at a $1.3 billion valuation. The platform boasts 8 million global users, making it a significant player in AI model orchestration and positioning Stripe as a powerhouse in AI infrastructure.
May 27, 2026ARR Milestone
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.
