The AI model market platform OpenRouter has completed a $40 million financing round, led by Andreessen Horowitz and Menlo Ventures.

robot
Abstract generation in progress

On June 27, according to The Wall Street Journal, the AI model market platform OpenRouter completed $40 million in seed and Series A financing, with a valuation of about $500 million. This round of financing was led by Andreessen Horowitz and Menlo Ventures, with participation from Sequoia and several well-known industry investors. The funds will be used for product development, introducing new model types, and expanding enterprise support. OpenRouter was founded in 2023 by OpenSea co-founder and CTO Alex Atallah and Louis Vichy, providing a unified interface connecting more than 400 large language models (LLM) to help developers and enterprises simplify multi-model integration. Since its launch, the company has attracted over 1 million developers using its API, with annual inference spending rising from $10 million in October 2024 to over $100 million by May 2025. Clients range from startups to multinational corporations, supporting routing for mission-critical traffic.

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)