💰OpenRouter Doubles to $1.3B Value on $113M Series B
TL;DR
Model-routing platform OpenRouter raised $113M and more than doubled its valuation to $1.3B in a year, with Alphabet's CapitalG leading. Usage grew 5x in six months as teams route requests across many models instead of betting on one.
Model-routing platform OpenRouter raised $113M and more than doubled its valuation to $1.3B in a year, with Alphabet's CapitalG leading. Usage grew 5x in six months as teams route requests across many models instead of betting on one.
Key Points
$113M Series B announced May 26, 2026, led by Alphabet's CapitalG
Valuation more than doubled to $1.3B in roughly 12 months
Usage up 5x over six months across the routing platform
Backers include NVentures, ServiceNow, MongoDB, Snowflake, and Databricks ventures arms
Why It Matters
Investors are paying up for the control plane between apps and models, a bet that the future is multi-model rather than one winner.
Quick Facts
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