Payments company Stripe has reportedly reached a final agreement to acquire AI startup OpenRouter for more than $7 billion. OpenRouter provides a service that lets users choose among a wide range of AI models.
US payments giant Stripe has reportedly reached a final agreement to acquire New York-based AI startup OpenRouter for more than $7 billion. People familiar with the matter said the acquisition price could still be subject to final adjustments.
OpenRouter provides a service giving users access to hundreds of AI models, with the aim of enabling developers to select the most efficient and cost-effective model for their particular needs. Founded in 2023, the company is said to have raised more than $15 million to date.
Investors in OpenRouter include Alphabet's CapitalG, Andreessen Horowitz and Menlo Ventures. Stripe is believed to be pursuing the acquisition to strengthen its business base in the AI sector.
Immediately before this report, The Wall Street Journal reported that Stripe was in talks to acquire OpenRouter for approximately $10 billion.