Stripe Snags AI Startup OpenRouter for $7 Billion

Stripe has finalized a deal to acquire OpenRouter, according to a new report in Bloomberg.

OpenRouter helps customers select different AI models for various tasks, depending on their specific needs and budget. The company raised $113 million in Series B funding at a reported valuation of $1.3 billion, backed

OpenRouter CEO Alex Atallah described the company as the equivalent of Stripe for AI, providing customers with a single access point for different systems and preventing lock-in. The startup claims to have 8 million global users and offers access to over 400 AI models.

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The Wall Street Journal reported last month that Stripe and OpenRouter were in acquisition talks, which have now led to a deal price of more than $7 billion.

A Stripe spokesperson told TechCrunch the company does not comment on rumors or speculation.

OpenRouter’s AI model selection platform will expand Stripe's offerings in the artificial intelligence space. The acquisition is expected to enhance Stripe's capabilities and further establish its position as a major player in the fintech industry.