OpenRouter was reportedly at $140M ARR before a possible near-$10B Stripe deal

steph_palazzolo · x · 2026-07-29

OpenRouter, the model gateway used by developers to access hundreds of models, was reportedly generating about $140M in ARR. If Stripe acquires the startup for nearly $10B, as reported, that would imply a roughly 70x revenue multiple.

The post frames the deal as a major valuation signal for the AI infrastructure layer.

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