OpenRouter, an AI platform founded by former OpenSea co-founder, completes $40 million Series A financing, led by a16z and others

2025/06/27 15:33

PANews reported on June 27 that OpenRouter, an AI model market platform, announced the completion of a $40 million seed round and a Series A round of financing, with a company valuation of approximately $500 million. This round of financing was led by Andreessen Horowitz and Menlo Ventures, with participation from Sequoia and several well-known industry investors. The funds will be used for product development, the introduction of new model types, and the expansion of enterprise support.

Founded in 2023 by Alex Atallah, co-founder and CTO of OpenSea, and Louis Vichy, OpenRouter provides a unified interface to connect more than 400 large language models (LLMs), helping developers and enterprises simplify multi-model integration. Since its launch, the company has attracted more than 1 million developers to use its API, and annual inference spending has increased from US$10 million in October 2024 to more than US$100 million in May 2025. Customers range from startups to multinational companies, supporting the routing of mission-critical traffic.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.