---
title: "OpenRouter more than doubles valuation to $1.3B in a year"
url: https://stacklist.com/card/bb6d3cd8-85df-4441-8196-36f0751691e2
source_url: "https://techcrunch.com/2026/05/26/openrouter-more-than-doubles-valuation-to-1-3b-in-a-year/"
stack: https://stacklist.com/c/finance/stack/f8553b69-ce7a-48b8-ad46-b884c9a590e7
summary: "OpenRouter has raised $113 million in Series B funding led by CapitalG, more than doubling its valuation to approximately $1.3 billion post-money in one year. The AI gateway startup provides access to over 400 models, claims 8 million global users, and processes 100 trillion tokens per month, reflecting a rapid shift toward multi-model AI infrastructure."
tags: "openrouter, ai-gateway, series-b, fundraising, capitalg, multi-model, valuation"
key_entities: "OpenRouter (organization), CapitalG (organization), Alphabet (organization), Andreessen Horowitz (organization), Menlo Ventures (organization), Sequoia (organization), Julie Bort (person), AI gateway (technology), Anthropic (organization), OpenAI (organization), Google (organization), xAI (organization), DeepSeek (organization), multi-model AI infrastructure (concept)"
classification: "notes"
content_hash: "sha256:46f8f44d40efec5201416b2128cda5d08112c4e8bafb1897d86b5679a45caf00"
acp_version: "0.2"
token_counts_approximate: 881
visibility: public
agent_accessible: true
status: "final"
---

# OpenRouter more than doubles valuation to $1.3B in a year

In Brief Posted: 11:33 AM PDT · May 26, 2026 Image Credits: Getty Images Julie Bort OpenRouter more than doubles valuation to $1.3B in a year Popular AI gateway maker OpenRouter , founded in 2023, has raised a hefty $113 million Series B led by CapitalG, the growth venture fund of Google parent company Alphabet. While the startup didn’t disclose its new valuation, The New York Times reports that it landed at about $1.3 billion post-money. This is a hefty increase from the estimated $547 million post-money valuation it hit a year ago, per PitchBook, after raising $40 million in Series A funding in June 2025. That round was led by Andreessen Horowitz and Menlo Ventures, with participation from Sequoia. What a difference a year makes. Since then, AI work has shifted from training to inference to, now, agents. And OpenRouter’s AI gateway has soared in popularity in response. The gateway helps enterprises and other AI users select different models for different jobs to control costs or increase reasoning and accuracy for the task at hand. OpenRouter provides access to over 400 models, including Anthropic, Google, OpenAI, xAI, and DeepSeek, it says. It claims 8 million global users and 100 trillion tokens processed per month, or about 25 trillion per week. That’s a 5x increase from the 5 trillion tokens it was processing per week just six months ago. OpenRouter’s success means that the AI model is increasingly becoming an invisible, swappable engine for AI tasks. Rather than a future where startups or enterprises standardize on a model of choice — perhaps creating a single all-powerful model maker in the process — the growth of OpenRouter indicates something else. Companies have no plans to get locked into a model vendor as they did with their various SaaS providers. The multi-model future is already here. Topics AI , AI gateway , CapitalG , In Brief , openrouter , Startups June 18 Los Angeles Get an inside look at what it takes to scale and succeed from leaders at Mach Industries, Founders Fund, and Shinkei Systems. Through candid fireside chats and high-impact networking, you’ll walk away with valuable insights and new connections. REGISTER NOW Newsletters See More Subscribe for the industry’s biggest tech news TechCrunch Daily News Every weekday and Sunday, you can get the best of TechCrunch’s coverage. TechCrunch Mobility TechCrunch Mobility is your destination for transportation news and insight. Startups Weekly Startups are the core of TechCrunch, so get our best coverage delivered weekly. StrictlyVC Provides movers and shakers with the info they need to start their day. No newsletters selected. Subscribe By submitting your email, you agree to our Terms and Privacy Notice . Related AI Mira Murati steps back into the spotlight, carefully Connie Loizos 12 hours ago AI Ahead of its IPO, Anthropic’s Daniela Amodei shrugs off doubts about AI’s returns Marina Temkin 18 hours ago Enterprise Alphabet’s record-breaking $85B raise for Google’s AI business is a helluva good signal Julie Bort 2 days ago Latest in Startups Fundraising Supabase doubles valuation to $10B in 8 months Julie Bort 24 minutes ago StrictlyVC Los Angeles 2026 Defense tech, AI, and fundraising take center stage at StrictlyVC Los Angeles on June 18 TechCrunch Events 19 hours ago Stripe x Startup Battlefield Startup Battlefield is returning to Australia — here’s what happened the last time we came to Sydney Isabelle Johannessen 20 hours ago