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techcrunch ai · May 26, 2026

OpenRouter valuation hits $1.3B after CapitalG Series B

openrouter raised $113 million in a series b led by alphabet's capitalg, reaching a $1.3 billion valuation and processing 100 trillion tokens monthly.

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openrouter raised $113 million in a series b round led by capitalg, achieving a $1.3 billion post-money valuation just a year after a $40 million series a. the platform now processes 100 trillion tokens monthly for 8 million users, supporting access to over 400 models from providers like anthropic, google, and openai. this growth reflects a broader enterprise shift away from single-model lock-in toward using flexible gateways for cost control and task optimization.

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