Stripe has reportedly finalized a deal to acquire OpenRouter for more than $7 billion, according to Bloomberg and TechCrunch. Stripe declined to comment on the report.
OpenRouter gives developers a single access point for choosing among different AI models based on task, cost, and performance. In May, the company announced a $113 million Series B at a reported $1.3 billion valuation, with investors including Sequoia, Andreessen Horowitz, Menlo Ventures, and Alphabet's CapitalG. The startup has said it serves 8 million global users and provides access to more than 400 models.
If completed, the acquisition would put Stripe deeper into AI infrastructure rather than only payments around it. OpenRouter CEO Alex Atallah had described the company as Stripe for AI because it reduces model lock-in and abstracts access. Under Stripe, that gateway role could become part of a broader commerce layer for AI usage, billing, and developer tooling.