Stripe Closes In on $7 Billion+ Acquisition of AI Gateway Firm OpenRouter

Reports are emerging that Stripe is nearing a deal to acquire OpenRouter for more than $7 billion, marking one of the payments giant's biggest moves yet into artificial intelligence (AI) infrastructure.

The final price for the acquisition could change, according to Bloomberg, which cited people familiar with the matter.

This move comes as OpenRouter raised a $120 million Series B round in May at a valuation of $1.3 billion, backed by Alphabet Inc.'s CapitalG, Sequoia, Andreessen Horowitz, and Menlo Ventures.

Stripe already has a commercial partnership with OpenRouter, using Stripe's payment infrastructure to process customer transactions.