Position in SVTR
Snapshot 2026-10-24- Startup SignalsTop 5%↓4
- Dev Platforms#2of 24–
About
OpenRouter, founded in 2024 in New York, offers a unified API marketplace that dynamically routes AI model requests to developers based on cost efficiency.
Full tier & rationale — an SVTR Intelligence benefit
Timeline
- 2026-08-19M&AAcquired by Stripe (announced, pending close)
Public events aggregated from this page; rating changes are member-only.
Capital graph
Funding history
- 2026-05Series B$113M
Investors · CapitalG, ServiceNow Ventures, MongoDB Ventures, Snowflake Ventures, NVentures, Databricks Ventures, Menlo Ventures, Andreessen HorowitzSource · techcrunch.com ↗
- 2025-06Series A$40M
Investors · Andreessen Horowitz, Sequoia Capital, Menlo VenturesSource · SVTR Weekly #111
Comparable companies· by market
This company
BusinessLatest roundTotal raisedDate- OpenRouter
Dynamically routes AI model requests for developers based on cost efficiency
Series B · $153M · 2026-05
$153M
United States
BusinessLatest roundTotal raisedDate- Hugging Face
Open-source model/dataset/application hosting and collaboration platform for AI developers worldwide (Model Hub + open-source libraries such as Transformers)
Undisclosed · $335M · 2023-08 · Valuation $4.5B
$335MValuation $4.5B - Arcee AI
Open-weight foundation models (Trinity series) and private on-premises enterprise deployment
Series B · $174M · 2026-09 · Valuation $1.0B pre-money
$174MValuation $1.0B pre-money - Fal.ai
Provides AI tools that help developers create images, video and audio
Series D+ · $400M · 2025-12 · Valuation $4.5B
$400MValuation $4.5B
China
BusinessLatest roundTotal raisedDate- Visincept
General-purpose vision foundation models and applications, MaaS, private deployment, vision for embodied AI
Angel · $51M · 2025-11
$51M - TokenRhythm
TokenRhythm, a multi-model aggregation API platform (intelligent routing and scheduling layer between large models and applications, comparable to OpenRouter)
Angel · 2026-08
— - SinapisAI
Unified AI platform for developers and enterprises with three product lines: model marketplace (modelspace), automatic model routing (MIO) and AI workbench; a single account accesses mainstream model capabilities including text, image, video, audio, search and embeddings, with an OpenAI-compatible API and Python SDK.
Angel · 2026-09
—
Europe
BusinessLatest roundTotal raisedDate- Deepset.ai
Platform for building enterprise applications on large language models
Undisclosed · $30M · 2023-08
$30M - Flower Labs
Open-source federated learning framework Flower, hybrid on-device/cloud inference service Flower Intelligence and in-house open-source frontier models.
Series A · $24M · 2024-02
$24M - Jentic
AI agents that autonomously integrate with online systems to automate API connections, data extraction and business and developer workflows
Seed · $4M · 2025-01
$4M
Other / unspecified
BusinessLatest roundTotal raisedDateConfirmed rounds only. Matched on subsector, sector, stage and funding scale — each verifiable on the company profiles.
M&A deals
- 2026-08TargetPending closeStripeAcquisition