Stripe will reportedly purchase AI gateway startup OpenRouter for $7B+
Stripe has finalized a deal to amass OpenRouter, in accordance with a brand new report in Bloomberg.
OpenRouter helps clients to pick out totally different AI fashions to carry out totally different duties, relying on their particular wants and funds. The corporate introduced in Could that it had raised a $113 million Sequence B, at a reported $1.3 billion valuation. (Buyers embrace Sequoia, Andreessen Horowitz, Menlo Ventures, and Alphabet’s Capital G.)
On the time, OpenRouter CEO Alex Atallah described the corporate because the equal of Stripe for AI, as a result of it gives clients with a single entry level for various techniques and prevents lock-in. The startup additionally claimed to have 8 million international customers and to offer entry to greater than 400 fashions.
The Wall Avenue Journal reported final month that Stripe and OpenRouter had been in acquisition talks. Now, Bloomberg stated these discussions have led to a deal worth of greater than $7 billion.
A Stripe spokesperson advised TechCrunch that the corporate doesn’t touch upon rumors or hypothesis.
