OpenRouter valuation surpasses $1.3 billion after funding

OpenRouter, an AI gateway founded in 2023, has secured $113 million in Series B funding, led by Alphabet's CapitalG. This funding round propels the company's valuation to approximately $1.3 billion, more than double its valuation from the previous year. The platform provides access to over 400 AI models, serving 8 million users and processing trillions of tokens monthly. OpenRouter's growth highlights a trend towards multi-model AI strategies, allowing businesses to select optimal models for specific tasks, thereby controlling costs and enhancing performance, rather than relying on a single vendor.