OpenRouter
Unicorn exit · $7.5BNew York, US · Founded 2023 · Delaware corporation · 45 employees · 12 known investors
Acquisition announced by Stripe August 2026 · terms undisclosed — press reports $7-8B, most precisely $7.5B per NYT · source ↗
OpenRouter operates an AI gateway that allows developers to access and compare hundreds of language models from multiple providers in a single platform. The service eliminates vendor lock-in while offering improved pricing, uptime, and reliability for companies and developers.
AI & Machine LearningCloud ComputingDeveloper Tools
Founders & leadership
OpenRouter was founded in 2023 by Alex Atallah and Louis Vichy.
AA
LV
Board
CC
Christopher ClarkBoard director
MM
AM
Investors · 12
Andreessen HorowitzMenlo Park · $500K – $50Mvia Anjney Midha · board
CapitalGSan Francisco · $50M – $100M
Menlo VenturesSan Francisco · $1M – $20Mvia Matt Murphy · led
Raptor GroupMiami Beach
Transpose Platform ManagementHouston
Databricks Venturesreported · 3 sourcesSan Francisco
Pace Capitalreported · 2 sourcesNew York
ServiceNow Venturesreported · 2 sourcesSanta Claravia Yoni Douek · inferred
Snowflake Venturesreported · 2 sourcesMenlo Park · $1M – $20M
Also in the syndicate · 3
AMP PBCMongoDB VenturesNVentures
Reported raises · per SEC filings
Form D private placements$143.1M disclosed across 2 rounds · 2025–2026
▶$113.5MraisedJul 2026 · 20 investors · OtherRule 506(b)
▶$113.5MraisedJul 2026 · 20 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Alexander AtallahExecutive Officer, Director
- Christopher ClarkExecutive Officer, Director
- Matthew MurphyDirector
- Anjney MidhaDirector
- Offering amount
- $117M
- Amount sold
- $113.5M
- First sale
- Mar 2026
- Incorporated
- Corporation, Delaware, 2023
- Federal exemptions
- 06b
▶$29.6MraisedAug 2025 · 30 investors · OtherRule 506(b)
▶$29.6MraisedAug 2025 · 30 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Christopher ClarkDirector
- Alexander AtallahExecutive Officer, Director
- Matthew MurphyDirector
- Anjney MidhaDirector
- Offering amount
- $47.6M
- Amount sold
- $29.6M
- First sale
- May 2025
- Incorporated
- Corporation, Delaware, 2023
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Valuation · disclosed
Disclosed events$1.3Bvaluation at Series BMay 2026
filing ↗Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.
Competitors · 6
by search overlapHugging Face3819 shared keywordsHugging Face is a collaboration platform that hosts and provides access to machine learning models, datasets, and applications. It offers both open-source tools for the ML community and paid compute and enterprise solutions for teams building AI applications.
OpenAI2510 shared keywordsOpenAI is an AI research and deployment company focused on developing artificial general intelligence (AGI) with emphasis on safety and beneficial outcomes for humanity.
DataCamp2479 shared keywordsDataCamp is a learning platform for teams that teaches data and AI skills through hands-on coursework accessible via web browser and mobile app. It serves enterprise customers and development teams seeking to build technical capabilities.
Ollama1854 shared keywordsOllama provides a platform for building with and running open-source language models locally and in the cloud. It enables developers to quickly deploy and access models like Claude Code and OpenClaw.
LLM Stats1715 shared keywordsllm-stats.com provides open, reproducible evaluation and benchmarking infrastructure for large language models and AI systems. The platform aggregates 200+ benchmarks and enables performance comparisons across frontier AI models to support informed decision-making by researchers, enterprises, and model developers.
Together AI1408 shared keywordsTogether AI builds a full-stack platform for production AI systems, serving teams that need to deploy and scale machine learning models reliably. The company provides infrastructure and tools for AI development and deployment.
Companies competing with OpenRouter for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
Stripe Agrees to Acquire OpenRouterstripe.com · Aug 2026
OpenRouter IPO Timeline and Financing Details - Forgeforgeglobal.com · Aug 2026
OpenRouter reportedly in talks for a multibillion-dollar sale | KuCoinkucoin.com · Jul 2026
OpenRouter Raises $113M Series B — OpenRouter Blogopenrouter.ai · May 2026Frequently asked questions
- What does OpenRouter do?
- OpenRouter operates an AI gateway that allows developers to access and compare hundreds of language models from multiple providers in a single platform. The service eliminates vendor lock-in while offering improved pricing, uptime, and reliability for companies and developers.
- Who founded OpenRouter?
- OpenRouter was founded by Alex Atallah, Louis Vichy in 2023.
- Who are OpenRouter's investors?
- OpenRouter's investors include Andreessen Horowitz, CapitalG, Menlo Ventures, Raptor Group, Transpose Platform Management, Databricks Ventures, Pace Capital, ServiceNow Ventures and 1 more.
- How much funding has OpenRouter raised?
- OpenRouter has disclosed $143.1M raised across 2 rounds.
- Where is OpenRouter headquartered?
- OpenRouter is headquartered in New York, US.