“OpenRouter is part of an emerging crop of startups that have found a lucrative niche between AI developers.”
OpenRouter was worth $1.3 billion in May. Two months later the number is $10 billion. Nothing about the product changed in those two months, which tells you the price is about AI deal froth and not about the business. The company is a routing layer that resells API calls to models it does not own, and nobody in this story will say what the revenue is.