Stripe Confirms $7.5B Acquisition Of AI Model Router OpenRouter
aiinsider ·
Stripe confirmed on Wednesday that it is acquiring OpenRouter, an AI model router, in a deal reportedly valued at $7.5 billion. The price is a sharp increase from OpenRouter's $1.3 billion valuation in May, with founders receiving $1.5 billion and investors $6 billion. Stripe reportedly outbid other interested parties, including Databricks. In a letter to investors, Stripe's founders framed the acquisition around the arrival of the "singularity" and noted that 88 percent of the Forbes AI 50, including OpenAI and Anthropic, use Stripe's products. OpenRouter stated that its product and mission would remain unchanged after the deal closes. Analysts view the acquisition as Stripe's effort to embed itself into AI-era capital flows and gain leverage over frontier labs and cloud providers.
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