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OpenRouter Raises $113 Million in Series B at Valuation Above $1 Billion

According to the new report, CapitalG led OpenRouter’s $113 million Series B, valuing the AI model aggregation platform above $1 billion and highlighting backing from major venture and enterprise investors.

Summary

OpenRouter completed a $113 million Series B funding round at a valuation above $1 billion. The round was led by CapitalG and included a16z, Menlo Ventures, NVentures, ServiceNow, MongoDB, Snowflake, and Databricks. The new report also identifies the company as an AI model aggregation platform founded by OpenSea co-founder Alex Atallah.

Terms & Concepts
  • Series B: A mid-stage private funding round typically used to scale operations, expand products, and grow market reach after earlier venture financing.
  • Valuation: The estimated market worth of a company during a funding round, often based on investor pricing for newly issued shares.