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OpenSea co-founder's new project OpenRouter raises $40 million with a valuation of $500 million.
On June 27, according to reports, OpenRouter, co-founded by the former co-founder of OpenSea, has completed $40 million in seed and Series A financing to accelerate the development of its large language model aggregation platform.
According to the press release, this round of financing was led by Andreessen Horowitz and Menlo Ventures, with participation from Sequoia Capital and several well-known angel investors in the industry. The Wall Street Journal, citing informed sources, reported that the company's current valuation has reached 500 million dollars.
OpenRouter is an artificial intelligence infrastructure startup positioned as an aggregation and routing platform for large language models (LLMs). It aggregates hundreds of models from multiple providers and automatically routes user instructions to the most suitable model based on cost, speed, accuracy, and privacy requirements.