OpenRouter more than doubles valuation to $1.3B in a year

In Brief

OpenRouter, the unified gateway and API for Large Language Models founded successful 2023, has raised a hefty $113 cardinal Series B led by CapitalG, the maturation task money of Google genitor institution Alphabet. While the startup didn’t disclose its caller valuation, The New York Times reports that it landed astatine astir $1.3 cardinal post-money.

This is simply a hefty summation from the estimated $547 cardinal post-money valuation it deed a twelvemonth ago, per Pitchbook, after raising $40 cardinal successful Series A funding successful June 2025. That circular was led by Andreessen Horowitz and Menlo Ventures, with information from Sequoia.

What a quality a twelvemonth makes. Since then, AI enactment has shifted from grooming to inference to, now, agents. And OpenRouter’s AI gateway has soared successful popularity successful response. The gateway helps enterprises and different AI users prime antithetic models for antithetic jobs to power costs oregon summation reasoning and accuracy for the task astatine hand.

OpenRouter provides entree to implicit 400 models, including Anthropic, Google, OpenAI, xAI, and DeepSeek, it says. It claims 8 cardinal planetary users and 100 trillion tokens processed per month, oregon astir 25 trillion per week. That’s a 5X summation from the 5 trillion tokens it was processing per week conscionable six months ago.

OpenRouter’s occurrence means that the AI exemplary is progressively becoming an invisible, swappable motor for AI tasks. Rather than a aboriginal wherever startups oregon enterprises standardize connected a exemplary of prime — possibly creating a azygous all-powerful exemplary shaper successful the process — the maturation of OpenRouter indicates thing else.

Companies person nary plans to get locked into a exemplary vendor arsenic they did with their assorted SaaS providers. The multi-model aboriginal is already here.

Subscribe for the industry’s biggest tech news