According to Bloomberg, Stripe is acquiring OpenRouter, an AI gateway startup that helps customers select different AI models based on their specific needs and budget. The reported deal price exceeds $7 billion.
OpenRouter raised a $113 million Series B in May at a reported $1.3 billion valuation, with investors including Sequoia, Andreessen Horowitz, Menlo Ventures, and Alphabet's Capital G. CEO Alex Atallah has described the company as the equivalent of Stripe for AI, providing a single access point for different systems and preventing vendor lock-in.
The startup claims to have 8 million global users and provides access to more than 400 models. The Wall Street Journal previously reported that Stripe and OpenRouter were in acquisition talks. A Stripe spokesperson told TechCrunch that the company does not comment on rumors or speculation.