Stripe has closed an agreement to acquire OpenRouter, according to a new Bloomberg report.
OpenRouter helps customers select different AI models to perform different tasks, depending on their specific needs and budget. The company announced in May that it had raised a Series B of $113 millionwith a reported valuation of $1.3 billion. (Investors include Sequoia, Andreessen Horowitz, Menlo Ventures and Alphabet’s Capital G.)
At the time, OpenRouter CEO Alex Atallah described the company as the equivalent of Stripe for AI, because it provides customers with a single point of access for different systems and avoids lock-in. The startup also claimed to have 8 million users worldwide and provide access to more than 400 models.
The Wall Street Journal reported last month that Stripe and OpenRouter were in acquisition talks. Now, Bloomberg said those discussions have led to a transaction price of more than $7 billion.
A Stripe spokesperson told TechCrunch that the company does not comment on rumors or speculation.