OpenRouter, the unified LLM gateway and API founded in 2023, has raised a $113 million Series B led by CapitalG (Alphabet's growth fund), pushing its valuation to approximately $1.3 billion — more than double its $547 million valuation from a year ago. The company now provides access to over 400 AI models, serves 8 million global users, and processes 100 trillion tokens per month, a 5x increase from six months ago. The growth signals a shift toward a multi-model future where enterprises swap AI models based on cost and task requirements rather than committing to a single vendor.
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