Stripe on November 11 2026 announced it has acquired OpenRouter, the largest AI model API aggregator, in a deal reported at around 7.5 billion dollars. The acquisition folds token routing and usage tooling into Stripe's programmable financial infrastructure.
The Deal
Stripe said OpenRouter has formally merged into the company and the two will work together to help businesses explore new business models and optimize token routing and consumption. The New York Times reported in August that Stripe's purchase price for OpenRouter was 7.5 billion dollars; Bloomberg had described the figure as more than 7 billion dollars.
Scale: 790 Trillion Tokens a Month
OpenRouter disclosed that in October 2026 it routed roughly 790 trillion tokens, up 37 percent from September and a single-month record. About 76 percent of that volume came from agent-related API calls. The company had raised 113 million dollars in a May 2026 Series B at roughly a 1.3 billion dollar valuation, with investors including Andreessen Horowitz and Lux Capital.
Key points
- 7.5 billion dollars - reported acquisition price
- 790 trillion tokens - routed in October 2026
- 76 percent - share of agent-related API calls
- 37 percent - month-over-month token growth
- 1.13 billion dollars - OpenRouter Series B (May 2026)
- 2023 - OpenRouter founded
Read the full report on ThreeRouter AI Daily: https://www.threerouter.com/blog/416
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