Stripe has finalized an agreement to acquire OpenRouter, a platform that helps users select among various AI models based on their needs and budget, according to a report from Bloomberg. The deal is valued at more than $7 billion.

OpenRouter, which describes itself as the equivalent of Stripe for AI, provides a single access point to multiple AI systems, preventing vendor lock-in. The company had previously raised a $113 million Series B round in May, at a reported valuation of $1.3 billion, with backing from investors including Sequoia, Andreessen Horowitz, Menlo Ventures, and Alphabet’s Capital G.

At the time of that funding round, OpenRouter CEO Alex Atallah highlighted the platform's role in offering flexibility and choice to customers. The startup also claimed to serve 8 million global users and provide access to more than 400 models.

The acquisition talks were first reported by The Wall Street Journal last month. Bloomberg now reports that the discussions have culminated in this deal. A Stripe spokesperson declined to comment, telling TechCrunch that the company does not respond to rumors or speculation.

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