AI BriefingOpenRouter's Valuation More Than Doubles to $1.3 Billion in One Year
Key point
AI gateway startup OpenRouter has raised a $113 million Series B round at a $1.3 billion valuation.
Details
OpenRouter, an AI gateway company, has raised $113 million in a Series B round led by CapitalG, Alphabet's growth venture fund. This funding brings OpenRouter's valuation to approximately $1.3 billion (post-money), more than double its valuation of about $547 million a year ago.
As the center of the AI industry shifts from model training to inference and now to Agents, demand for OpenRouter has surged as well. The gateway helps companies choose the right model to reduce costs or improve task accuracy.
OpenRouter currently reports the following metrics:
- Access to 400+ models from Anthropic, Google, OpenAI, xAI, DeepSeek, and more
- 8 million users worldwide
- 100 trillion tokens processed monthly (a 5x increase in weekly volume compared to 6 months ago)
OpenRouter's growth reflects companies' desire to avoid dependence on any single model. This shows that the multi-model era—where AI models function like interchangeable engines and companies aren't locked into a specific vendor—has already arrived.
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