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The payments giant Stripe finalized a deal to acquire the AI model marketplace OpenRouter for more than $7 billion to expand its role in generative AI infrastructure. The transaction values the startup at more than 5.4 times its $1.3 billion valuation from a May funding round and consists of a cash and equity mix that is predominantly stock, with some reports placing the final price above $8 billion.
OpenRouter, co-founded by former OpenSea executive Alex Atallah, provides a single API to access hundreds of AI models and has raised more than $150 million in venture funding. The acquisition occurred one day before the launch of Straitly, a competing AI gateway that provides similar routing services with a 0% markup on tokens.
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Key sources
- SOURCE@nerdyrodent“according to a report from Bloomberg”x.com
- SUPPORT@danprimack“Mix of cash and equity, but mostly stock”x.com
- SUPPORT@rohanpaul_ai“This price is at least 5.4x OpenRouter's $1.3B”x.com
- SUPPORT@benthompson“Flipping the Business Model”x.com
- SUPPORT@kimmonismus“one day later, Straitly launches the same service with one key difference: 0% markup”x.com
- SOURCE@axios“Stripe strikes mega-deal for OpenRouter”x.com
- SUPPORT@jun_song“most of that valuation comes from their locked-in user base and enterprise relationships”x.com