Valuation Surpasses Five Times in Three Years: OpenRouter Sold to Stripe for $7 Billion
Stripe has finalized the acquisition of AI model aggregation platform OpenRouter for over $7 billion, with the transaction expected to close on August 16, though the price may still change. OpenRouter provides a unified API entry point that allows access to hundreds of open-source and proprietary large models, and enables model routing, usage tracking, and billing settlement. It recently secured $113 million in funding led by CapitalG in May, with a valuation of around $1.3 billion.