Stripe · Andreessen Horowitz · Wall Street · Fortune Technology
Stripe Inc. has finalized an agreement to acquire OpenRouter Inc
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
The deal, months after OpenRouter raised money at a reported $1.3 billion valuation, underscores the demand from businesses to find the most cost-friendly AI solutions.
Key facts
- In May, OpenRouter said it serves 8 million developers who rely on it to access more than 400 different AI models
- The Wall Street Journal previously reported Stripe was in talks to buy OpenRouter for about $10 billion
- OpenRouter Chief Executive Officer Alex Atallah previously co-founded OpenSea, a nonfungible token marketplace, which raised more than $400 million in capital but saw usage crater
- The deal, months after OpenRouter raised money at a reported $1.3 billion valuation, underscores the demand from businesses to find the most cost-friendly AI solutions
Summary
Stripe Inc. has finalized an agreement to acquire OpenRouter Inc., a startup that helps companies switch between artificial intelligence models, for more than $7 billion, according to people familiar with the matter. A spokesperson for Stripe said the firm doesn’t comment on rumors or speculation. Founded in 2023, OpenRouter provides access to hundreds of AI models, with the goal of matching developers with the most efficient and affordable options for the job at hand. In May, OpenRouter said it serves 8 million developers who rely on it to access more than 400 different AI models.