Founded in 2023, the popular AI gateway provider OpenRouter has raised $113 million in Series B funding led by CapitalG, the venture capital arm of Google's parent company Alphabet. While the startup has not officially disclosed its new market valuation, The New York Times reports that the company is now valued at $1.3 billion. This is according to reports Techcrunch.com.
This figure represents a significant increase from last year's $547 million valuation. At that time, the company raised $40 million in a Series A round led by Andreessen Horowitz and Menlo Ventures. Over the past year, the shift in AI focus from model training to inference and agent creation has contributed to OpenRouter's surge in popularity.
The OpenRouter platform allows enterprises and users to control costs and improve accuracy by selecting models tailored to specific tasks. Currently, the service provides access to over 400 models from providers such as Anthropic, Google, OpenAI, xAI, and DeepSeek.
According to company data, the platform's global user base has reached 8 million, with 100 trillion tokens processed per month. This is five times higher than the figure from just six months ago. OpenRouter's success demonstrates that companies do not want to be locked into a single model provider in the future, and a multi-model ecosystem has already become a reality.
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