Stripe has officially agreed to buy OpenRouter, according to a recent report from Bloomberg.
OpenRouter is a company that helps users choose from various AI models for different tasks, tailored to their needs and budgets. Earlier this year, in May, OpenRouter announced that it had raised $113 million in a Series B funding round, valuing the company at around $1.3 billion. Notable investors in the company include Sequoia, Andreessen Horowitz, Menlo Ventures, and Alphabet’s Capital G.
During the funding announcement, OpenRouter’s CEO, Alex Atallah, compared the company to Stripe, saying it serves as a central hub for AI solutions, allowing customers more flexibility and preventing them from being locked into any single provider. The startup claims to have around 8 million users worldwide and offers access to over 400 different AI models.
Last month, The Wall Street Journal reported that Stripe was in talks to acquire OpenRouter, and Bloomberg has now revealed that the deal is priced at more than $7 billion.
A representative from Stripe commented to TechCrunch that the company does not discuss rumors or speculation regarding such acquisitions.
