OpenRouter more than doubles valuation to $1.3B in a year
OpenRouter has raised a $113 million Series B led by CapitalG. Its 5x growth in usage over six months indicates the multi-AI-model future is here.
AI Insider·
AI gateway startup OpenRouter has raised $113 million in a Series B round led by CapitalG, Alphabet’s growth venture fund, lifting its valuation to approximately $1.3 billion — more than double the $547 million it commanded just a year ago following a Series A backed by Andreessen Horowitz and Sequoia. Founded in 2023, OpenRouter gives enterprises AI-powered […]
Read full articleOpenRouter has raised a $113 million Series B led by CapitalG. Its 5x growth in usage over six months indicates the multi-AI-model future is here.
Today, I’m talking with Google and Alphabet CEO Sundar Pichai, in a conversation we recorded just after the Google I/O developer conference. This is the fifth year Sundar and I have sat down after I/O, and it’s become one of my favorite Decoder traditions. There’s always a lot of news at I/O, and this year was no exception — Google has powerful new Gemini models, it’s putting AI agents in everything, and it’s making huge changes to Search on both the web and YouTube that will once again reshape the information ecosystem. That’s a lot to talk about, and Sundar and I got into all of it. But I also realized it’s been a long time since I’d asked Sundar the Decoder questions about structure and decision making, so I started there. You’ll hear Sundar say he realized he needed to rethink how Google worked a few years ago in response to ChatGPT, and he made a lot of executive changes and big decisions to get the company in a more aggressive posture. Verge subscribers, don’t forget you get e
Why late-stage startup PR breaks from the early-stage model at the Series B inflection point, with a signal-weighting framework for growth-stage outlet selection using Outset Media Index.
An investment arm of Alphabet is backing OpenRouter, which helps companies choose among hundreds of models for different software tasks.
Milan-based Lexroom has closed a $50 million Series B led by Left Lane Capital, just eight months after its $19 million Series A, bringing its legal AI platform to more than 8,000 law firms and in-house teams across Europe. Base10 Partners, Eurazeo, and Acurio Ventures also participated. Founded in 2023 by CEO Paolo Fois, Martina […]
Armada, which builds modular data centres for AI deployment in remote and sensitive environments, has closed a heavily oversubscribed Series B co-led by Overmatch, BlackRock, and 8090 Industries, bringing total funding to nearly $500 million. New strategic investors include Johnson Controls, NightDragon, Mitsui, and Singtel Innov8, alongside existing backers Founders Fund, Lux Capital, and Felicis. […]
The post Russell 1000 Value Index Shakeup: Alphabet (GOOGL) and AMD (AMD) Exit in Major Rebalancing appeared on BitcoinEthereumNews.com. Key Takeaways FTSE Russell is removing Alphabet and AMD from the Russell 1000 Value Index, reclassifying them as exclusively growth-oriented companies. In a contrasting move, Apple and Microsoft are being added to the value index, transitioning from pure growth to a hybrid growth-value classification. The preliminary changes will be finalized on June 18, with implementation scheduled for June 29 after market close. Approximately $12.2 trillion in investment capital is tied to Russell U.S. Indexes, making this rebalancing significant for market flows. The Russell 3000’s aggregate market capitalization surged 29% to reach $75.6 trillion, with Nvidia claiming the top spot among U.S. companies by market value. FTSE Russell unveiled its preliminary index reconstitution list on May 22, initiating the semi-annual rebalancing cycle for its U.S. equity benchma
The transition to x402 for AI settlements could revolutionize micropayments, boosting USDC demand and reshaping digital transaction models. The post X402 processes $50M in payments as OpenRouter transitions to the protocol for AI settlements appeared first on Crypto Briefing.