Quartz·1 min read·medium

Stripe is acquiring AI model gateway startup OpenRouter in a $7 billion-plus deal

Cris Tolomia
AI Summary

Stripe is set to acquire the AI model gateway startup OpenRouter in a deal valued at over $7 billion. This acquisition represents a significant premium over the company's $1.3 billion valuation from just a few months ago.

The deal values OpenRouter at more than 5 times the $1.3 billion valuation it carried just months ago when it raised a Series B

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