Stripe to Buy OpenRouter for More Than $7 Billion
Stripe has finalized an agreement to acquire OpenRouter for more than $7 billion, according to Bloomberg.
OpenRouter, founded in 2023, gives developers access to hundreds of AI models and helps them switch between providers based on task needs and price. In May, the company said it served 8 million developers and provided access to more than 400 AI models.
The final acquisition price could still change. Stripe said it does not comment on rumors or speculation, and OpenRouter declined to comment.
OpenRouter has raised more than $150 million in capital. Its backers include CapitalG, Andreessen Horowitz, and Menlo Ventures.
We hope you enjoyed this article
Consider subscribing to one of our newsletters like AI Funding Brief or Daily AI Brief.
Also, consider following us on social media:
More from Funding
Oct 16 Intuit Agrees to Acquire AI Billing Startup Sequence for Reported $200 Million Oct 16 Matters Raises $5 Million to Build AI Consumer Bank Oct 16 KP Labs raises €4.42 million for AI data processing in orbit Oct 15 Origin Raises $20 Million for Autonomous Construction Robots Oct 15 Symbe Raises $5.7 Million for AI Sales PlatformAI Funding Brief
Industry analysis
2025 Global Business Services Agenda: Gen AI Takes Center Stage
This industry analysis by The Hackett Group explores the transformative impact of generative artificial intelligence (Gen AI) on global business services (GBS) in 2025. The study highlights the shift from exploration to acceleration of Gen AI initiatives, with 89% of executives advancing these projects to improve customer satisfaction, innovate products, and reduce costs. The report also discusses the challenges and strategies for successful Gen AI adoption, emphasizing the need for a technology-enabled operating model and the importance of reskilling the workforce.
Read moreYou may also like
OpenAI Seeks $30 Billion at $1.4 Trillion Valuation
OpenAI in Early Talks to Acquire Trail of Bits
Snorkel AI Raises $350 Million at $3.5 Billion Valuation
OpenAI Annualized Recurring Revenue Nears $70 Billion
OpenAI Puts September Annualized Revenue at Nearly $50 Billion
Daily AI Brief: the AI news that matters, in your inbox.