Stripe has completed an agreement to acquire OpenRouter, according to Bloomberg. OpenRouter helps customers select different artificial intelligence models to perform various tasks based on their specific needs and budget.
The company announced in May that it had raised $113 million in its Series B round, with a reported valuation of $1.3 billion. Investors include Sequoia, Andreessen Horowitz, Menlo Ventures and Capital G, the investment arm of Alphabet.
At that time, OpenRouter CEO Alex Atallah described the company as the Stripe equivalent for artificial intelligence, because it provides customers with a single point of access to different systems and prevents vendor lock-in. The startup also claimed to have 8 million global users and provide access to over 400 models.
The Wall Street Journal reported last month that Stripe and OpenRouter were in acquisition negotiations. Now, Bloomberg indicated that those conversations have resulted in a deal price exceeding $7 billion.
A Stripe spokesperson told TechCrunch that the company does not comment on rumours or speculation.