OpenRouter, an AI model platform, recently closed a $40 million funding round, resulting in a $500 million company valuation.
OpenRouter and Its Funding
The platform OpenRouter, founded in 2023, has closed a funding round of $40 million, including seed and Series A investments. Major investors include Andreessen Horowitz and Menlo Ventures, reflecting significant interest in OpenRouter's potential in AI model integration.
Increase in OpenRouter API Usage
According to recent data, over 1 million developers are using OpenRouter’s API. Annual inference spending skyrocketed from $10 million in October 2024 to over $100 million by May 2025, illustrating high demand for the platform's multi-model routing capabilities. Co-founder Alex Atallah has stated:
Impact on Ethereum Market
Ethereum (ETH) is currently trading at $2,422.96, with a market cap of $292.49 billion and an 8.93% market share. Over the past 60 days, the price surged by 34.74%. The Coincu research team highlighted that OpenRouter's growth may spur demand for blockchain AI tools.
The funding for OpenRouter and its increasing usage underscore the importance of simplifying AI model integration for enterprises, while also impacting the Ethereum market.
