Stripe Finalizes Deal to Acquire AI Gateway Startup OpenRouter for More Than $7 Billion

3-line summary

• Stripe has finalized a deal to acquire OpenRouter, a startup that lets customers select different AI models for different tasks, according to a Bloomberg report relayed by Yahoo Finance/TechCrunch.
• OpenRouter raised a $113 million Series B in May at a reported $1.3 billion valuation, with investors including Sequoia, Andreessen Horowitz and Menlo Ventures; the company claims 8 million global users and access to more than 400 AI models.
• The Wall Street Journal reported last month that Stripe and OpenRouter were in acquisition talks; Bloomberg now says the discussions led to a deal price of more than $7 billion. A Stripe spokesperson told TechCrunch the company does not comment on rumors or speculation.

This summary is our own processing of the source article; see the source link below for full context.